The 2022 balance sheet of Dyrdek's Skate Shop, Incorporated, showed long-term debt of $5 million, and the 2023 balance sheet showed long-term debt of $5.3 million. The 2023 income statement showed an interest expense of $120,000. What was the firm's cash flow to creditors during 2023?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.
Cash flow to creditors $ -4,880,000