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Interest expense for Rhodes Manufacturing was $500,000 in 2014. During 2014, $3.7 million in old debt was repaid and $2.0 million was raised through new

Interest expense for Rhodes Manufacturing was $500,000 in 2014. During 2014, $3.7 million in old debt was repaid and $2.0 million was raised through new borrowing. Dividends of $425,000 were paid and $1.75 million was raised through new share sales. a. Calculate the cash flow to bondholders. Treat interest as a financing flow. b. Calculate the cash flow to shareholders. c. If cash and marketable securities increased $300,000 in 2014, what were the 2014 financing flow and cash flow from assets? Treat interest as a financing flow.

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