Last year's balance sheet of Sugarpovas Tennis Shop, Inc., showed long-term debt of $5.5 million, and this year's balance sheet shows long-term debt of $5.9 million. The income statement shows the company paid $135,000 in interest and and $50,000 in dividends.

Calculating Cash Flow to Creditors Last year's balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $5.5 million, and this year's balance sheet shows long-term debt of $5.9 million. The income statement shows the company paid $135,000 in interest and and $50,000 in dividends. What was the cash flow to creditors during the year? (Negative amount should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Cash flow to creditors (CFTC) $ Does this represent a cash inflow or outflow to the firm? (Click to select)