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Cash flow to creditors. Use the data from the following financial statements in the popup window, E. The company paid interest expense of $18,100 for
Cash flow to creditors. Use the data from the following financial statements in the popup window, E. The company paid interest expense of $18,100 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow to creditors for 2017 by parts and total, with the parts being interest expense and increases or decreases in borrowing (long-term debt). The interest expense for the year is $ 18100 . (Round to the nearest dollar.) The net new borrowing is $. (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 $350,000 Sales revenue Cost of goods sold $141,800 $42,900 Fixed costs $27,900 Selling, general, and administrative expenses $45,800 Depreciation in order to copy its contents into a spreadsheet.) (Click on the following icon Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES $15,900 Notes payable $13,800 Cash $19,100 Accounts receivable $28,000 Accounts payable $189,900 $48,000 Long-term debt Inventories $368,100 OWNERS' EQUITY Fixed assets Accumulated depreciation $141,900 Retained earnings |Intangible assets $81.800lCommon stock. $132.000 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES $25,900 Notes payable $11,900 Cash $19,000 Accounts payable $23,900 Accounts receivable $53,200 Long-term debt $161,800 Inventories $448,100 OWNERS' EQUITY Fixed assets Accumulated depreciation Retained earnings $181,900 Intangible assets $82,000 Common stock
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