The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,280,000, and the December 31, 2014, balance sheet showed long-term debt of $1,410,000.

The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,280,000, and the December 31, 2014, balance sheet showed long-term debt of $1,410,000. The 2014 income statement showed an interest expense of $93,400. (Enter your answer as directed, but do not round intermediate calculations.)

Required:What was the firm’s cash flow to creditors during 2014? (Negative amount should be indicated by a minus sign.)

what is the  Cash flow to creditors

 

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