Help Save & L 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 Period Year 1 Year 2 Year 3 Principal Balance January $114,000 94,568 73,581 Payment $28,552 28,552 28,552 Applied to Interest $9,120 7,565 5,886 Applied to Principal $19,432 20,987 22,666 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 activitiae (Al financing activities (FA) or if there is no effect leave the call blank. Not all calle will renuire entry. Prey 1 of 9 Next > Eh O 11: HE WAS BARD Complete this question by entering your answers in the tabs below. Required A Required 0:17:25 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 flown 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 COWUOY ICE CREAM COMPANY Horizontal Statuments Model Income Statement Stockholder's Revenue Expense Net Incom Equity No. Balance Sheet Assets - Liabilities 114 000 114 000 (28.552) (19.432) Statement of Cash Flow 1 2 (9.120) 9 1201 (9.1203 114.000 FA (28552) OA 85,448 Required B > Proy 1 of 9 Next > RS For the following two events W 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 4? (Round your answers to the nearest whole dollar amount.) Interest expense