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CHAPTER 5H Help Save & Exit 6 On May 1, 2018, Benz's Sandwich Shop loaned $16,000 to Mark Henry for one year at 8 percent

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CHAPTER 5H Help Save & Exit 6 On May 1, 2018, Benz's Sandwich Shop loaned $16,000 to Mark Henry for one year at 8 percent interest. Required a. What is Benz's interest income for 2018? (Round your answer to the nearest dollar amount.) 0.66 b. What is Benz's total amount of receivables at December 31, 2018? (Round your answer to the nearest dollar amount.) c. How will the loan and interest be reported on Benz's 2018 statement of cash flows?

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