Question: Problem 2-11 Calculating Cash Flows [LO 4] The December 31, 2021, balance sheet of Chen, Incorporated, showed long term debt of $1,390,000.$138,000 in the common
Problem 2-11 Calculating Cash Flows [LO 4] The December 31, 2021, balance sheet of Chen, Incorporated, showed long term debt of $1,390,000.$138,000 in the common stock account, and $2.630,000 in the additional pald in surplus account. The December 31, 2022, balance sheet showed long ferm debt of $1,560,000,$148,000 in the common stock account, and $2,930,000 in the additional pald in surplus account. The 2027 income statement showed an interest expense of $93.000 and the company paid out $143,000 in cash divldenids during 2072 . The firm's net capital spending for 2022 was $940,000, and the firm reduced its net working capital irvestment by $123,000. What was the firm's cash flow to creditors during 2022? Note: A negotive answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.9. 1,234,567. What was the firm's cash flow to stockholders during 2022 ? Note: A negotive answer should be indicated by o minus sign. Do not round intermediote calculations and round your answer to the nearest whole number, e.g. 1,234,567
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