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A partial amortization schedule for a 10-yeer note payoble issued on January 1, Year 1, is shown next Year 1 Year 2 Year 3 370.000

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A partial amortization schedule for a 10-yeer note payoble issued on January 1, Year 1, is shown next Year 1 Year 2 Year 3 370.000 343.220 314,565 52,680 52,680 $25.900 24.025 22,020 $26, 780 28,655 30,660 2,680 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 $96.000 cash revenue and paid $62.000 in cash expenses in addition to the interest in Year 1, what is the amount of each of the following? () Net income for Year 1 (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? Complete this question by entering your answers in the tabs below Requ red A Recuined B3 Required 82Recuired 83Required C Usin ke financial statements model like tne one shown next, reoord the eppropriate amounts for the following two events: (3) canuary 1, Year 1, issue of the nate paryable. (2) December 31, Year 1, payment on the note payable. In the Cesh Fow columin.use the nitia DA to designate operating adtivity LA for investing activity, FA for fnancing ectivity and NA to indicate the eleesent is not affected by the evenit. Enter any decreases to account balences with a minus sign Show lessaA Income Stateement Net incomCash low 52 26 780 25 900 25.900 5.900 Prey 2 of s Ill text >

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