The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,280,000, $120,000 in the common stock account and $2,120,000 in the additional paid-in surplus account.
The December 31, 2014, balance sheet showed long-term debt of $1,410,000, $135,000 in the common stock account and $2,380,000 in the additional paid-in surplus account.
The 2014 income statement showed an interest expense of $93,400 and the company paid out $135,000 in cash dividends during 2014.
The firm's net capital spending for 2014 was $640,000, and the firm reduced its net working capital investment by $105,000. (Enter your answer as directed, but do not round intermediate calculations.)
Required:
What was the firm's operating cash flow during 2014?