Problem:
Avio Amacus, Inc. paid, during the last year, $255,000 in interest along with $88,000 in dividends. The company issued $56,000 of stock and $198,000 of new debt. The company reduced the balance due on the old debt by $311,000.
Required:
Question: What is the amount of the cash flow to creditors for the year?
Note: Please explain comprehensively and give step by step solution.