Following information is for solving questions in this section below The 2020 and 2021 statements of financial position of Elizabeth's Bicycle Shop Inc showed the following As of December 31, 2020 As of December 31, 2021 Long Term Debt 1,600,000 1,750,000 Common Stock 855,000 915,000 Accumulated Retained Earnings 5,200,000 5,500,000 Interest Paid in 2021 160,000 Dividends Paid in 2021 465,000 Net Capital Spending in 2021 1,450,000 Reduction in Net Working Capital in 2021 55,000 What was the firm's cash flow to creditors (bondholders) during 2021 a 21,000 b 30,000 c 15,000 d 25,000 e 10,000

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Question: Following information is for solving questions in this section below. The 2020 and 2021 statements of financial position of Elizabeth's Bicycle Shop Inc. showed the

Following information is for solving questions in this section below. The 2020 and 2021 statements of financial position of Elizabeth's Bicycle Shop Inc. showed the following

	As of December 31, 2020	As of December 31, 2021
Long Term Debt	1,600,000	1,750,000
Common Stock	855,000	915,000
Accumulated Retained Earnings	5,200,000	5,500,000

Interest Paid in 2021		160,000
Dividends Paid in 2021		465,000
Net Capital Spending in 2021		1,450,000
Reduction in Net Working Capital in 2021		55,000

What was the firm's cash flow to creditors (bondholders) during 2021?

a. 21,000

b. -30,000

c. -15,000

d. 25,000

e. 10,000

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