Cash flow to creditors. Use the data from the following financial statements in the popup window, B. 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 $ . (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,800 Fixed costs $42,900 Selling, general, and administrative expenses $27,900 Depreciation $45,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 LIABILITIES ASSETS Cash Accounts receivable $13,800 $19,100 $189,900 Inventories $15,900 Notes payable $28,000 Accounts payable $48,000 Long-term debt $368,100 OWNERS' EQUITY $141,900 Retained earnings $81 8001 common stock Fixed assets Accumulated depreciation Intangible assets $132 0001 (Click on the following icon ASSETS Cash Accounts receivable in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 LIABILITIES $25,900 Notes payable $19,000 Accounts payable $53,200 Long-term debt $448,100 OWNERS' EQUITY Retained earnings $82,000 Common stock $11,900 $23,900 $161,800 Inventories Fixed assets Accumulated depreciation Intangible assets $181,900 Cash flow to creditors. Use the data from the following financial statements in the popup window, B. 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 $ . (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,800 Fixed costs $42,900 Selling, general, and administrative expenses $27,900 Depreciation $45,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 LIABILITIES ASSETS Cash Accounts receivable $13,800 $19,100 $189,900 Inventories $15,900 Notes payable $28,000 Accounts payable $48,000 Long-term debt $368,100 OWNERS' EQUITY $141,900 Retained earnings $81 8001 common stock Fixed assets Accumulated depreciation Intangible assets $132 0001 (Click on the following icon ASSETS Cash Accounts receivable in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 LIABILITIES $25,900 Notes payable $19,000 Accounts payable $53,200 Long-term debt $448,100 OWNERS' EQUITY Retained earnings $82,000 Common stock $11,900 $23,900 $161,800 Inventories Fixed assets Accumulated depreciation Intangible assets $181,900
