Problem 2-13 Calculating Total Cash Flows [LO 4]

The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,425,000, $145,000 in the common stock account and $2,700,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed long-term debt of $1,630,000, $155,000 in the common stock account and $3,000,000 in the additional paid-in surplus account. The 2014 income statement showed an interest expense of $96,500 and the company paid out $150,000 in cash dividends during 2014. The firms net capital spending for 2014 was $1,010,000, and the firm reduced its net working capital investment by $130,000. (Enter your answer as directed, but do not round intermediate calculations.)

Required:

What was the firms operating cash flow during 2014? (Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).)

Operating cash flow

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