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Cash flow to creditors. Use the data from the following financial statements in the popup window. . The company paid interest expense of $17,100 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow to creditors for 2017 by parts and total, with the parts being interest expense and increases or decreases in borrowing (long-term debt). BR The interest expense for the year is $ (Round to the nearest dollar.) (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,800 Fixed costs $42,800 Selling, general, and administrative expenses $28,100 Depreciation $45,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES $16,000 Notes payable $14,200 Cash Accounts receivable $28,000 Accounts payable $19,000 Inventories $48, 100 Long-term debt $189,800 $368,100 OWNERS' EQUITY Fixed assets Accumulated depreciation $140,000 Retained earnings Intangible assets $82,000 Common stock $131,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES $25,900 Notes payable $12,000 Cash Accounts receivable $19,100 Accounts payable $23,800 Inventories $53,200 Long-term debt $162,200 $448,100 OWNERS' EQUITY Fixed assets Accumulated depreciation Retained earnings Intangible assets $82,100 Common stock $182,000

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