The December 31,2013 balance sheet of Schism inc. showed long-term debt of $1,395,000 $139,000 in the common stock account and $2,640,000 in the additional paid-in surplus account. The December 31, 2014 balance sheet showed long-term debt of $1,570,000, $149,000 in the common stock account and $2,940,000 in the additional paid-in surplus account. The 2014 income statement showed an interest expense of $93,500 and the company paid out $144,000 in cash dividends during 2014. The firms net capital spending for 2014 was $950,000 and the firm reduced its net working capital investment by $124,000. 

What was the firms operating cash flow during 2014?

Answer rating: 100% (QA)

Calculate the operating cash flows as follows Particulars Am... View the full answer