LMA Company purchased equipment on July? 1, 2010, and gave a one?-month, 14?% note with a face value of $ 30 comma 000. How much interest expense will be recognized on the income statement for the year ended December? 31, 2010? What effect does the repayment of the note plus interest have on the statement of cash flows for? 2010? ?(Round the interest expense to the nearest? dollar.)

How much interest expense will be recognized on the income statement for the year ended December? 31, 2010? ?$ nothing

What effect does the repayment of the note plus interest have on the statement of cash flows for? 2010?

If the note and interest have been repaid? (very likely since it was a one?-month ?note), the cash for interest paid would be ? (financing, investing or operating) a financing an investing an operating cash flow.

The cash to repay the principal of the note will be ? (financing, investing or operating) a financing an investing an operating cash flow.