The 2011 balance sheet of Anna's Tennis Shop, Inc., showed long-term debt of $6.4 million, and the 2012 balance sheet showed long-term debt of $6.65 million.
The 2012 income statement showed an interest expense of $225,000. The 2011 balance sheet of Anna's Tennis Shop, Inc., showed $630,000 in the common stock account and $4.9 million in the additional paid-in surplus account.
The 2012 balance sheet showed $670,000 and $5.4 million in the same two accounts, respectively. The company paid out $620,000 in cash dividends during 2012.
Suppose you also know that the firm's net capital spending for 2012 was $1,490,000, and that the firm reduced its net working capital investment by $93,000. What was the firm's 2012 operating cash flow, or OCF?