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Cash flow to creditors. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,300 for 2017
Cash flow to creditors. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,300 for 2017 and had an o e all tax rate of 40% or 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 dolla) The net new borrowing is $(Round to the nearest dollar.) The cash flow to creditors is s (Round to the nearest dollar.) $16,200 Notes payable $28,200 $47,900 Long-term debt Cash Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets $13,900 $18,800 $190,200 unts payable $368,000 OWNERS' EQUITY $141,200 Retained earnings $82,100 Common stock $131,800 Partial Balance Sheet 12/31/2017 LIABILITIES ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets $25,800 Notes payable $19,100 $53,000 Long-term debt $11,800 $24,100 $162,000 unts payable $448,200 OWNERS' EQUITY Retained earnings $81,900 Common stock $181,800 Data Table Partial Income Statement Year Ending 2017 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation $349,800 $142,000 $43,000 $28,200 $46,200 Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES $16,200 Notes payable $28,200 $47,900 Long-term debt Cash $13,900 $18,800 $190,200 unts receivable unts payable Inventories Fixed assets $368,000 OWNERS' EQUITY $141,200 Retained earnings umulated depreciation Intangible assets $82,100 Common stock $131,800
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