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The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.6 million, and the 2009 balance sheet showed long-term debt of $2.9
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.6 million, and the 2009 balance sheet showed long-term debt of $2.9 million. The 2009 income statement showed an interest expense of $170,000. (Do not include the dollar sign ($). Enter answer in dollars, not millions of dollars, e.g., $1,234,567. Negative amount should be indicated by a minus sign.) The firm's cash flow to creditors during 2009 is $130,000 incorrect.
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