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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 $19,000 for
Cash flow to creditors. Use the data from the following financial statements in the popup window, E. The company paid interest expense of $19,000 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.) Activate Windows Enter your answer in the answer box and then click Check Answer. Go to Settings to activate Windows. parts remaining Clear All Check Answer Data Table (Click on the following icon a in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $141,800 Fixed costs $43,000 Selling, general, and administrative expenses $28,000 $46,100 Depreciation (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES $16,100 Notes payable $14,200 Cash Accounts receivable $27,800 Accounts payable $18,800 $189,800 $47,800 Long-term debt Inventories $367,800 OWNERS' EQUITY Fixed assets Accumulated depreciation $143,400 Retained earnings Done Print Data Table $16,100 Notes payable Cash $14,200 $27,800 Accounts payable Accounts receivable $18,800 $189,800 $47,800 Long-term debt Inventories Fixed assets $367,800 OWNERS' EQUITY Accumulated depreciation $143,400 Retained earnings $82,000 Common stock Intangible assets $131,900 (Click on the following icon a in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES $25,900 Notes payable $19,200 Accounts payable $12,200 Cash Accounts receivable $24,200 $53,000 Long-term debt $162,100 Inventories $447,800 OWNERS' EQUITY Fixed assets Accumulated depreciation Retained earnings Intangible assets $81,800 Common stock $181,800 Print Done
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