Madison Company Issued an interest-bearing note payable with a face amount of $11.400 and a stated interest rate of 8% to the Metropolitan Bank on August 1, Year 1. The note carried a one-year term. Based on this information alone, the amount of total llabilities appearing on Madison's Year 1 balance sheet would be Multiple Choice $11.932 $11.780 $12.312 $11,400 On January 1, Year 1, the Mahoney Company borrowed $169,000 cash from Sun Bank by Issuing a five-year 8% term note. The principal and interest are repaid by making annual payments beginning on December 31, Year 1. The annual payment on the loan based on the present value of annuity factor would be $42,327 The amount of principal repayment Included in the December 31, Year 1 payment is: Multiple Choice $42.327 $13.520 0 $28,807 O $37,460