A partial amortization schedule for a 10-year note payable issued on January 1 Year 1, is shown next. Accounting Principal Balance Applied to Applied to Period January 1 Cash Payment Interest principal Year 1 $200,000 527, 174 $12,000 515, 174 Year 2 184,826 27.174 21.090 16.084 Year) 168,742 27,174 10,125 17,849 Required a. Using a financial statements model, 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. b. If the company comed $62,000 cash revenue and paid $45,000 in cash expenses in addition to the interest in Your 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 e. What is the amount of interest expense on this loan for Your 4? Complete this question by entering your answers in the tabs below. Rega Reg 1 Reg B2 Req B3 Reqc If the company earned $62,000 cash revenue and paid $45,000 in cash expenses in addition to the Interest in Year 1, what is the amount of net income for Year 1? Revenue $ 62,000 Expenses Cash 45,000 Interest expense 12,000 Total expenses (57.000) 5,000 $ Answer is not complete. Complete this question by entering your answers in the tabs below. Real Reg A Reg B1 Reg B3 Reqc If the company earned $62,000 cash revenue and paid $45,000 in cash expenses in addition to the interest in Year 1, what is the amount of cash flow from operating activities for Year 17 (Cash outflows should be indicated with a minus sign.) Cash flows from operating activities: 62.000 (45,000) $ (12,000) Net cash flow from operating activities $ 5,000 Answer is not complete. Complete this question by entering your answers in the tabs below. Req Req 81 Reg B2 Redes Reqc If the company earned $62,000 cash revenue and paid $45,000 in cash expenses in addition to the interest in Year 1, what is the amount of cash flow from financing activities for Year 17 (Cash outflows should be indicated with a minus sign Cash flows from financing activities Net cash flow from financing activities 0 Answer is not complete. Complete this question by entering your answers in the tabs below. Req Req B1 Req 82 Req B3 Regc What is the amount of interest expense on this loan for Year 4? (Do not round Intermediate calculations. Round your answer to the nearest dollar amount.) Interest expense