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AssetsLiability and Owner’s Equity2014201520142015Current Assets$1005$1089C

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June 7th, 2024

AssetsLiability and Owner’s Equity2014201520142015Current Assets$1005$1089C. Liabilities$402$451Net fixed asset41444990Long-term debt21902329Income StatementSales$12,751Costs5,946Depreciation1,136Interest paid323During 2015, Parrothead Enterprises raised $420 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? What is the cash flow to creditors?

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