The 2011 balance sheet of Anna’s Tennis Shop, Inc., showed long-term debt of $6.5 million, and the 2012 balance sheet showed long-term debt of $6.75 million. The 2012 income statement showed an interest expense of $230,000. The 2011 balance sheet of Anna’s Tennis Shop, Inc., showed $640,000 in the common stock account and $5.8 million in the additional paid-in surplus account. The 2012 balance sheet showed $680,000 and $6.3 million in the same two accounts, respectively. The company paid out $625,000 in cash dividends during 2012. Suppose you also know that the firm’s net capital spending for 2012 was $1,500,000, and that the firm reduced its net working capital investment by $95,000.
What was the firm’s 2012 operating cash flow, or OCF