Madison Company issued an interest-bearing note payable with a face value of $8,400 and a stated interest rate of 8% to Metropolitan Bank on August 1, Year 1. The note carried a one-year term.

Based on this information alone, what is the amount of cash flow from operating activities reported on Madisons Year 1 statement of cash flows?

Based on this information alone, what is the amount of total liabilities appearing on Madison's balance sheet as of December 31, Year 1?