Problem:
The 2009 balance sheet of Maria's Tennis Shop, Inc., showed $3.1 million in long-term debt, $877,400 in the common stock account, and $6.87 million in the additional paid-in surplus account. The 2010 balance sheet showed $3.6 million, $906,300, and $6.99 million in the same three accounts, respectively. The 2010 income statement showed an interest expense of $540,000. The company paid out $400,000 in cash dividends during 2010.
If the firm's net capital spending for 2010 was $790,000, and the firm reduced its net working capital investment by $160,000, the firm's 2010 operating cash flow, or OCF is?