EA1. 12.1 Campus Flights takes out a bank loan in the amount of $200,500 on March 1.The terms tt interest rate on the loan is 8% , recognized on December 31. (Round answers to the nearest whole dllar Exercise Set A loan include a repayment of principal in ten equal installments, paid annually from March 1. The annua A. Compute the interest.recognized as of December 31 in year 1 rounded to the whole dollar. towing accounts and determine if the account is a current liability.a noncu needed.) Compute the principal due in year 1. B