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Refer to the following items on the balance sheets of a firm for the years ending December 31, 2018 and 2019. ITEM 2018 2019 Accounts
Refer to the following items on the balance sheets of a firm for the years ending December 31, 2018 and 2019.
ITEM | 2018 | 2019 |
Accounts Payable | $729,500 | $917,300 |
Long Term Debt | $1,283,900 | $1,081,800 |
Common Stock ($1 par) | $2,184,000 | $2,471,300 |
Retained Earnings | $3,227,100 | $3,419,800 |
If the firm's interest expense on its 2019 income statement was $408,516, calculate the net cash flow to the firm's creditors in 2019.
Group of answer choices
$610,616
$408,516
$206,416
$138,620
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