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A partial amortization schedule for a 5-year note payable that Mabry Company issued on January 1, Year 1, is shown as follows. Accounting Period Year 1 Year 2 Year 3 Principal Balance January 1 $ 105,000 86,741 67,204 Cash Payment $25,609 25,609 25,609 Applied to Interest $ 7,350 6,072 4,704 Applied to Principal $18,259 19,537 20,905 Required a. What rate of interest is Mabry Company paying on the note? b. Using a financial statements model like the one shown, record the appropriate amounts for the following two events: (1) January 1, Year 1, issue of the note payable. (2) December 31, Year 1, payment on the note payable. c. If the company earned $96,500 cash revenue and paid $57,900 in cash expenses in addition to the interest in Year 1, what is the amount of each of the following? (1) Net income for Year 1. (2) Cash flow from operating activities for Year 1. (3) Cash flow from financing activities for Year 1. d. What is the amount of interest expense on this loan for Year 4? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D What rate of interest is Mabry Company paying on the note? Rate of interest % Required A Required B Required c Required D If the company earned $96,500 cash revenue and paid $57,900 in cash expenses in addition to the interest in Year 1, what is the amount of each of the following? (Cash outflows should be indicated with a minus sign.) (1) Net income for Year 1 (2) Cash flow from operating activities for Year 1 (3) Cash flow from financing activities for Year 1 Required A Required B Required Required D What is the amount of interest expense on this loan for Year 4? (Round your answers to the nearest whole dollar amount.) Interest expense