cture & Assessment LO 10-1,3,4,5,8 0 Installment Note Bla Company was started on January 1, Year 1, when borrowed $100,000 cash from National Bank. In exchange for the money, Blair Issued the bank a five year installment note with a 9 percent foued Interest rate. The loan agreement requrled Blair to pay five equal Installments of $25,709, On July 1 each year Blair Company earns $12,000 cash for providing services to customers. > 33.291*.09 ,995 Americation Schedule for m ent NotePayable 25 2 5 16.209 The entire cash outflow resulting from a payment on an installment loan is shown as a financing activity on the statement of cash flows. This statement is True or False True False