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The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed long-term debt of $2.3 million, and the 2018 balance sheet showed long-term debt of $3.4

The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed long-term debt of $2.3 million, and the 2018 balance sheet showed long-term debt of $3.4 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

  • $1,100,360

  • $1,100,000

  • $-361,100

  • $-358,900

  • $-740,000

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