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The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,440,000 and the December 31, 2022, balance sheet showed long-term debt
The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,440,000 and the December 31, 2022, balance sheet showed long-term debt of $1,660,000. The 2022 income statement showed an interest expense of $98,000. What was the firm's cash flow to creditors during 2022? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Cash flow to creditors
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