Save Homework: Problem Set 1 Score: 0 of 1 pt 5 of 14 (2 complete) HW Score: 13.1%, 1.83 of 14 pts P2-12 (similar to) Question Help Cash Now to creditors. Use the data from the following financial statements in the popup window, The company paid interest expers of S17.200 for 2017 and had an overall tax rate of 40% for 2017 Find the cash flow to creditors for 2017 by parts and total, with the parts being internet expense and increases or decreases in borrowing (ong torm debe). The interest expense for the year is (Round to the nearest colle) i Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,800 Fixed costs $43,000 Selling, general, and administrative expenses $27,800 Depreciation $45,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,100 Notes payable Accounts receivable $28,000 Accounts payable Inventores $48, 100 Long-term debt Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation $142,500 Retained earnings Intangible assets $81,800 Common stock $14,000 $18.900 $190,200 $132,000 $12,200 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $25,900 Notes payable Accounts receivable $19,000 Accounts payable Inventories $52, 800 Long-term debt Fixed assets $447,800 OWNERS' EQUITY Accumulated depreciation Retained eamings Intangible assets $81,800 Common stock $23.900 $162 100 $181,800