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Question(s) / Instruction(s):

1.The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $3 million, and the 2009 balance sheet showed long-term debt of $4.05 million. The 2009 income statement showed an interest expense of $190,000. What was the firm's cash flow to creditors during 2009?
$1,050,190
$-188,950
$-191,050
$1,050,000
$-860,000

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