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The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed long-term debt of $3.05 million, and the 2018 balance sheet showed long-term debt of $3.55

The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed long-term debt of $3.05 million, and the 2018 balance sheet showed long-term debt of $3.55 million. The 2018 income statement showed an interest expense of $360,000. What was the firm's cash flow to creditors during 2018?

Multiple Choice

  • $500,000

  • $500,360

  • $-360,500

  • $-140,000

  • $-359,500

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