A partial amortization schedule for a 10-year note payable issued on January 1, Year 1, is shown next: Principal Balance January 1 $260,000 239, 329 217,624 Applied to Interest $13,000 11,966 10,881 Applied to Principal $20,671 21,705 22,790 Cash Paymen $33,671 33,671 33,671 Accounting Period Year 1 Year 2 Year 3 Required a. Using a financial statements model like the one shown next, 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 earned $74,000 cash revenue and paid $51,000 in cash expenses in addition to the interest in Year 1, what is the amount of each of the following? (1) Net income for Year1 (2) Cash flow from operating activities for Year 1 (3) Cash flow from financing activities for Year 1 c. What is the amount of interest expense on this loan for Year 4