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Wallace Driving School’s 2020 balance sheet showed net fixed assets of $3.8 million, and the 2021 balance sheet showed net fixed assets of $4.1 million. The company’s 2021 income statement showed a depreciation expense of $415,000. What was net capital spending for 2021? (Do not round intermediate calculations and enter your answer in

14.

The 2020 balance sheet of Dugan, Incorporated, showed current assets of $3,150 and current liabilities of $1,630. The 2021 balance sheet showed current assets of $3,000 and current liabilities of $1,605. What was the company’s 2021 change in net working capital, or NWC? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations. )

15.

The 2020 balance sheet of Dugan, Incorporated, showed current assets of $3,150 and current liabilities of $1,630. The 2021 balance sheet showed current assets of $3,000 and current liabilities of $1,605. What was the company’s 2021 change in net working capital, or NWC? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations. )

16.

The 2020 balance sheet of Osaka’s Tennis Shop, Incorporated, showed $550,000 in the common stock account and $4.7 million in the additional paid-in surplus account. The 2021 balance sheet showed $590,000 and $5.1 million in the same two accounts, respectively. If the company paid out $505,000 in cash dividends during 2021, what was the cash flow to stockholders for the year? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

17. 2020 balance sheet of Osaka’s Tennis Shop, Incorporated, showed long-term debt of $6.3 million, and the 2021 balance sheet showed long-term debt of $6.5 million. The 2021 income statement showed an interest expense of $220,000. During 2021, the company had a cash flow to creditors of $20,000 and the cash flow to stockholders for the year was $75,000. Suppose you also know that the firm’s net capital spending for 2021 was $1.48 million and that the firm reduced its net working capital investment by $91,000. What was the firm’s 2021 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

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