The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,400,000, and...
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The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,400,000, and the December 31, 2016, balance sheet showed long-term debt of $1,580,000. The 2016 income statement showed an interest expense of $94,000.
What was the firm's cash flow to creditors during 2016? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
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