Business, 24.11.2020 23:30, lilpeepxliltracy

The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,415,000, $143,000 in the common stock account, and $2,680,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed long-term debt of $1,610,000, $153,000 in the common stock account and $2,980,000 in the additional paid-in surplus account. The 2019 income statement showed an interest expense of $95,500 and the company paid out $148,000 in cash dividends during 2019. The firm’s net capital spending for 2019 was $990,000, and the firm reduced its net working capital investment by $128,000. 1. 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 round your answer to the nearest whole number, e. g., 1,234,567.)2. What was the firm’s cash flow to stockholders during 2019? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations an

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The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,415,000, $143,000...