Cash flow to creditors. Use the data from the following financial statements in the popup window, The company paid interest expense of $18,000 for 2014 and had an overall tax rate of 40% for 2014. Find the cash flow to creditors for 2014 by parts and total, with the parts being interest expense and increases or decreases in borrowing (long-term debt).

Partial Income Statement Year Ending 2014
Sales revenue	$350,000
Cost of goods sold	$140,000
Fixed costs	$43,000
Selling, general, and administrative expenses	$28,000
Depreciation	$46,000

Partial Balance Sheet 12/31/2013
ASSETS		LIABILITIES
Cash	$16,000	Notes payable	$14,000
Accounts receivable	$28,000	Accounts payable	$19,000
Inventories	$48,000	Long-term debt	$190,000
Fixed assets	$368,000	OWNERS' EQUITY
Accumulated depreciation	$142,000	Retained earnings
Intangible assets	$82,000	Common stock	$130,000

Partial Balance Sheet 12/31/2014
ASSETS		LIABILITIES
Cash	$26,000	Notes payable	$12,000
Accounts receivable	$19,000	Accounts payable	$24,000
Inventories	$53,000	Long-term debt	$162,000
Fixed assets	$448,000	OWNERS' EQUITY
Accumulated depreciation		Retained earnings
Intangible assets	$82,000	Common stock	$180,000