Cowboy Ice Cream Company issued a note payable on January 1, Year 1. Below you will find a partial amortization schedule for the 5- year note payable. Accounting Per Year 1 Year 2 Year 3 Principal Balance January 1 $109,000 90,787 70,935 Cash Payment $28,023 28,023 28,023 Applied to Applied to Interest Principal $9,810 $18,213 8,171 19,852 6,384 21,639 Required a. Using a financial statements model like the one shown, 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. 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 B Using a financial statements model like the one shown, record the appropriate amounts for the following two events: (Enter any decreases to account balances and cash outflows with a minus sign. In the Cash Flows column, designate the cash flows as operating activities (OA). Investing activities (IA), financing activities (FA), or if there is no effect, leave the cell blank. Not all cells will require entry) (1) January 1, Year 1, issue of the note payable. (2) December 31, Year 1, payment on the note payable. Show less DAVE ROLAMOURA 10 Complete this question by entering your answers in the tabs below. Required A Required B Using a financial statements model like the one shown, record the appropriate amounts for the following two events: (Ente account balances and cash outflows with a minus sign. In the Cash Flows column, designate the cash flows as operating ac activities (IA), financing activities (FA), or if there is no effect, leave the cell blank. Not all cells will require entry) (1) January 1, Year 1, Issue of the note payable. (2) December 31, Year 1, payment on the note payable. 53 COWBOY ICE CREAM COMPANY Horizontal Statements Model Balance Sheet Income Statement Stockholder's Liabilities Revenue Expenso Net Income Equity Event No. Assets Statement of Cash Flow + 1. 2 Required B Required a. Using a financial statements model like the one shown, 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. 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 B What is the amount of interest expense on this loan for Year 47 (Round your answers to the nearest whole dollar amount.) Interest expense 10