The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $6.4 million, and the 2015 balance sheet showed long-term debt of $6.8 million. The 2015 income statement showed an interest expense of $180,000.
What was the firm’s cash flow to creditors during 2015? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Cash flow to creditors $