A partial amortization schedule for a 10-year note payable issued on January 1, Year 1, is shown next: Principal Cash Accounting Period Year 1 Year 2 Year 3 Applied to Interest $18,000 16,634 15,187 Applied to Principal $22,760 24,126 25,573 Balance January Payment $300,000 277,240 253,114 $40,760 40,760 40,760 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 $82,000 cash revenue and paid $55,000 in cash expenses in addition to the interest in Year 1, what is the amount of each of the following? (1) Net income for Year 1 (2) Cash flow from operating activities for Year1 (3) Cash flow from financing activities for Year 1 c. What is the amount of interest expense on this loan for Year 4