The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.3 million, and the 2014 balance sheet showed long-term debt of $6.5 million. The 2014 income statement showed an interest expense of $220,000. During 2014, Maria’s Tennis Shop, Inc., had a cash flow to creditors of $20,000 and the cash flow to stockholders for the year was $75,000. Suppose you also know that the firm’s net capital spending for 2014 was $1,480,000, and that the firm reduced its net working capital investment by $91,000.
What was the firm’s 2014 operating cash flow, or OCF? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)
Operating cash flow