A company estimates that warranty expense will be 5% of sales. The company's sales for the current period are $275,000. What it the current period's entry to record the warranty expense? 13,750 Warranty Expense Warranty Liability 13.750 13.750 Warranty Liability Cash 13.750 13.750 Warranty Expense Cash 13.750 13.750 Warranty Liability Warranty Expense 13.750 13.750 Warranty Expense Sales 13.750 Your Company borrowed $30,000 on March 1, 2019 from the National Bank for an 18-month term. Your Company agreed to pay interest annually at the rate of 4.5% per year. What is the amount of interest expense appearing on the 2020 income statement? (Round to nearest dollar if you need to.) $675. $225 $1,350 $113 $1,125 Your Corporation issues an 8-year note payable on January 1, 20/20 for $5.000. The interest rate is 5,5% and the annual payment of $789. duc cach December 31, includes both interest and principal. What is the net effect on the following items of the December 31, 2020 payment? ? Cash Flow from Financing Activities (5514) Cash Flow from Operating Activities (S275) Cash Flow from Investing Activities No effect Cash Flow from Financing Activities No effect Cash Flow from Operating Activities ($275) Cash Flow from Investing Activities (5514) Cash Flow from Financing Activities (5514) Cash Flow from Operating Activities No cffect Cash Flow from Investing Activities (S275) Cash Flow from Financing Activities ($275) Cash Flow from Operating Activities (5514) Cash Flow from Investing Activities No effect Cash Flow from Financing Activities No effect Cash Flow from Operating Activities ($275) Cash Flow from Investing Activities (5514)