The 2020 balance sheet of Osaka’s Tennis Shop, Incorporated, showed long-term debt of $6.3 million, and the 2021 balance sheet showed long-term debt of $6.55 million. The 2021 income statement showed an interest expense of $220,000. The 2020 balance sheet showed $620,000 in the common stock account and $3.6 million in the additional paid-in surplus account. The 2021 balance sheet showed $660,000 and $4.1 million in the same two accounts, respectively. The company paid out $615,000 in cash dividends during 2021. Suppose you also know that the firm’s net capital spending for 2021 was $1,480,000, and that the firm reduced its net working capital investment by $91,000. What was the firm’s 2021 operating cash flow, or OCF?
