During the current year, Maine Salvage Company took out new loans of $15 million. In addition, the company repaid $1.8 million of prior loans and paid $1.35 million of interest expense. Explain how these cash flows will appear in the company's stayement of cash flows, indicating the classification and the dollar amount of each cash flow. (Enter you answers in millions rounded to 1 decimal place.)

$ 13 & 14) During the current year, Maine Salvage Company to wloans prior loans and paid $1.35 million of interest expens how th flows, indicating the classification and the dollar arount of each cash place.) Cash Flow Amount in millions) Activity New loans made Loan repaid Interest expense Search