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The 2014 balance sheet...
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The 2014 balance sheet of Jordan’s Golf Shop, Inc., showedlong-term debt of $5.2 million, and the 2015 balance sheet showedlong-term debt of $5.45 million. The 2015 income statement showedan interest expense of $170,000. The 2014 balance sheet showed$520,000 in the common stock account and $5.5 million in theadditional paid-in surplus account. The 2015 balance sheet showed$560,000 and $5.7 million in the same two accounts, respectively.The company paid out $415,000 in cash dividends during 2015.Suppose you also know that the firm’s net capital spending for 2015was $1,380,000, and that the firm reduced its net working capitalinvestment by $71,000.
What was the firm’s 2015 operating cash flow, or OCF?(Do not round intermediate calculations. Enter your answerin dollars, not millions of dollars, e.g.,1,234,567.)
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