Cowboy Ice Cream Company issued a note payable on January 1 Yeart Below you will find a partial amortization schedule for the year note payable Mening Prepat ca Apple Applied to Period Balance Angry Payment nepal Year 3135.000 $33,81% 510,000 023,012 Year 11.9 33,012 3.959 Year 24.055 07.135 6.971 26,841 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. 56:19 Using a financial statements model like the one shown, record the appropriate amounts for the following two events: (Enter any de account balances and cash outflows with a minus sign. In the Cash Flows column, designate the cash flows as operating activities 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. COWBOY ICE CREAM COMPANY Horizontal Statements Model Balance Sheet Income Statement Liabilities Stockholder's Revenue Expense Net Income Equity Event No. Statement of Cash Flow Assets 1. 2 Required B 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 4? (Round your answers to the nearest whole Interest expense