The December 31 2013 balance sheet of Schism Inc. 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 2014 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 2014 income statement showed an interest expense of $97 500 and the company paid out $152 000 in cash dividends during 2014. The firm’s net capital spending for 2014 was $1 030 000 and the firm reduced its net working capital investment by $132 000. (Enter your answer as directed but do not round intermediate calculations.)Required:What was the firm’s operating cash flow during 2014? (Enter your answer in dollars not millions of dollars (e.g. 1 234 567).)
