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The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,440,000 and the December 31, 2019, balance sheet showed long-term debt of
The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,440,000 and the December 31, 2019, balance sheet showed long-term debt of $1,660,000. The 2019 income statement showed an interest expense of $98,000. |
What was the firm's cash flow to creditors during 2019? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) |
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