Campus Flights takes out a bank loan in the amount of $300,000 on March 1. The terms of the loan include a repayment of principal in ten equal installments, paid annually from March 1. The annual interest rate on the loan is 6 percent, recognized on December 31. A. Compute the interest recognized as of December 31 in year 1. s B. Compute the principal due in year 1. Campus Flights takes out a bank loan in the amount of $300,000 on March 1. The terms of the loan include a repayment of principal in ten equal installments, paid annually from March 1. The annual interest rate on the loan is 6 percent, recognized on December 31. A. Compute the interest recognized as of December 31 in year 1. s B. Compute the principal due in year 1