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22 4 points Book Hint Ask A partial amortization schedule for a 10-year note payable issued on Principal Balance January 1 Cal Payment Applied to Interest $200,000 184,826 $27,174 012,000 27,174 11,090 27,174 Accounting Period Year 1 Year 2 Year 3 (1) January 1, Year 1, issue of the note payable. (2) December 31, Year 1, payment on the note payable. Required a. Using a financial statements model, record the appropriate amounts for the following two events! ****** b. If the company earned $62,000 cash revenue and paid $45,000 in cash expenses in addition to the interest in Year t, what is the amount of each of the following? Event No. January 1, Year 1, is shown next Applied to Irincipal $15,174 (1) 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. Required A Required B1 Required B2 Required 83 Required C Assets Batance Sheet Liabilities 16,004 17,049 flows RS eBook -Hint Ask (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. Required A Event No. 1. 2. Required B1 Required B2 Required 83 Assets Balance Sheet Liabilities + + Required C Financial Statements Model Stockholders Equity Revenue Required A Income Statement Expenses m Not Income Required B1 > Next > Statement of Cash Flows 4 points eBook Hint Ask peroung activites 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. Required A Required B1 Required 82 Required B3 Required C If the company earned $62,000 casti 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? Expenses Revenue Cash Interest expense Total expenses Net income $ (62.000) 45,000 12.000 $ (5.000) (5,000) points eBook Hint Ask (J) Casi low 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. Required A Required B1 Required B2 Required 83 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 1? (Amounts to be deducted and cash outflows should be indicated with minus sign.) Cash flows from operating activities: Inflow from customers Outflow for expenses Net cash flow from operating activities $ $ 62,000 (57,000) 5,000 4 points ebook Hit Ask (1) 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 47 Complete this question by entering your answers in the tabs below. Required A Required 1 Required 82 Required 83 Required C 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 (Amounts to be deducted should be indicated with minus son Cash flows from financing activities: Inflow from issue of note Outflow for expenses Net cash flow from financing activities $ $ 200.000 (15.174) 154,826 22 al 25 Next > points eBook Hint Ask Mc Graw Hill (1) 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. Required B1 Required 82 Required 83 Required C What is the amount of interest expense on this loan for Year 4? (Round your answer to the nearest dollar amount.) Interest expense 9,102 Required A $