104 10. x LO4 11. Cash Flow to Creditors The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,350,000, and the December 31, 2019, balance sheet showed long-term debt of $1,470,000. The 2019 income statement showed an interest expense of $97.500. What was the firm's cash flow to creditors during 2019? Cash Flow to Stockholders The December 31, 2018, balance sheet of Whelan, Inc., showed $120,000 in the common stock account and $2,289,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $137.000 and $2,568,000 in the same two accounts, respectively. If the company paid out $149.500 in cash dividends during 2019, what was the cash flow to stockholders for the year? Calculating Cash Flows Given the information for Whelan, Inc., in Problems 10 and 11, suppose you also know that the firm's net capital spending for 2019 was $745,000 and that the firm reduced its net working capital investment by $94.300. What was the firm's 2019 operating cash flow, or OCF? L04 12. My J udig weya, WI Was le suunoH LUWU? LO2 15. Using Income Statements Given the following information for Ted's Dread Co., calculate the depreciation expense: sales - $68,500; costs $51,700; addition to retained earnings - $4.500; dividends paid - $2,420; interest expense - $2,130; tax rate = 21 percent