1. Central Storage had beginning net fixed assets of $8,400,000 and ending net fixed assets of $7,982,000. Assets valued at $650,000 were sold during the year. Depreciation was $560,000. What is the amount of net capital spending?
$1,320,000
$978,000
$418,000
$182,000
$142,000
2. Top Shoppe has total sales of $75,000, costs are $61,000, and depreciation is $3,750. The tax rate is 34 percent. The interest expense is $270. What is the operating cash flow?
$8,980.40
$10,606.80
$9,465.18
$11,200.20
$9,756.70