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GW Co.'s balance sheet showed long-term debt of $10 million in 2019 and $9.5 million in 2020. In 2019, the balance sheet showed a common
GW Co.'s balance sheet showed long-term debt of $10 million in 2019 and $9.5 million in 2020. In 2019, the balance sheet showed a common stock account of $4.5 million, and 3 million in an additional paid-in surplus account. In 2020, the balance sheet showed $3.5 million and 3 million in the same two accounts respectively. In 2020, the income statement showed an interest expense of $1,000,000 and dividends paid of $1,500,000. Calculate the cash flow to the creditors for the year.
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