The December 31, 2018, balance sheet of Trelan, Inc., showed
long-term debt of $1,405,000, $141,000 in the common stock account,
and $2,660,000 in the additional paid-in surplus account. The
December 31, 2019, balance sheet showed long-term debt of
$1,590,000, $151,000 in the common stock account and $2,960,000 in
the additional paid-in surplus account. The 2019 income statement
showed an interest expense of $94,500 and the company paid out
$146,000 in cash dividends during 2019. The firm’s net capital
spending for 2019 was $970,000, and the firm reduced its net
working capital investment by $126,000. What was the firm's 2019
operating cash flow, or OCF?
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