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The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,395,000, and the December 31, 2014, balance sheet showed long-term debt of
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,395,000, and the December 31, 2014, balance sheet showed long-term debt of $1,570,000. The 2014 income statement showed an interest expense of $93,500. What was the firm's cash flow to creditors during 2014?
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