Calculating Net Capital Spending Wallace Driving School's $2020$ balance sheet showed net fixed assets of $$2\mathrm{.}3$ million, and the $2021$ balance sheet showed net fixed

assets of $$3\mathrm{.}1$ million. The company's $2021$ income statement showed a depreciation expense of $$327,000.$ What was net capital spending for $2021?$

Building a Balance Sheet The following table presents the long$-$term liabilities and stockholders' equity of Information Control Corp. from one year ago:

During the past year, the company issued $4\mathrm{.}6$ million shares of new stock at a total price of $$61$ million, and issued $$34$ million in new long$-$term debt. The company

generated $$7\mathrm{.}9$ million in net income and paid $$1\mathrm{.}9$ million in dividends. Construct the current balance sheet reflecting the changes that occurred at the company during

the year.

Cash Flow to Creditors The $2020$ balance sheet of Osaka's Tennis Shop, Inc., showed long$-$term debt of $$2\mathrm{.}25$ million, and the $2021$ balance sheet showed

long$-$term debt of $$2\mathrm{.}66$ million. The $2021$ income statement showed an interest expense of $$305,000.$ What was the firm's cash flow to creditors during $2021?$

Cash Flow to Stockholders The $2020$ balance sheet of Osaka's Tennis Shop, Inc., showed $$780,000$ in the common stock account and $$4\mathrm{.}78$ million in the additional

paid$-$in surplus account. The $2021$ balance sheet showed $$965,000$ and $$5\mathrm{.}04$ million in the same two accounts, respectively. If the company paid out $$654,000$ in cash

dividends during $2021,$ what was the cash flow to stockholders for the year?

Calculating Cash Flows Given the information for Osaka's Tennis Shop, Inc., in Problems $9$ and $10,$ suppose you also know that the firm's net capital spending for $2021$

was $$1\mathrm{.}5$ million and that the firm reduced its net working capital investment by $$55,000.$ What was the firm's $2021$ operating cash flow, or OCF?