The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed long-term debt of $3.1 million, and the 2018 balance sheet showed long-term debt of $3.3 million. The 2018 income statement showed an interest expense of $105,000.
What was the firm’s cash flow to creditors during 2018?(A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
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