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8. (8 points) On July 1, 2018, Your Company lent $150,000 to Ace Company. It is a one- year loan and bears interest at 3.5%.

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8. (8 points) On July 1, 2018, Your Company lent $150,000 to Ace Company. It is a one- year loan and bears interest at 3.5%. Interest and principal are paid at the end of the loan period. Complete the entries for the cash flow statement for 12/31/2019. Interest income Cash Flow from Cash Flow from Financing Activities Operating ActivitiesInvesting Activities

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