Question: The December 3 1 , 2 0 2 1 , balance sheet of Chen, Incorporated, showed long - term debt of $ 1 , 4

The December 31,2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,435,000,$147,000 in the common
stock account, and $2,720,000 in the additional paid-in surplus account. The December 31,2022, balance sheet showed long-
term debt of $1,650,000,$157,000 in the common stock account and $3,020,000 in the additional paid-in surplus account. The
2022 income statement showed an interest expense of $97,500 and the company paid out $152,000 in cash dividends during
The firm's net capital spending for 2022 was $1,030,000, and the firm reduced its net working capital investment by
$132,000. What was the firm's 2022 operating cash flow, or OCF?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer
to the nearest whole number, e.g.,32.
Operating cash flow
 The December 31,2021, balance sheet of Chen, Incorporated, showed long-term debt

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!