Malco Enterprises issued $$15,000$ of common stock when the company was started. In addition, Malco borrowed $$46,000$ from a local

bank on July $1,$ Year $1.$ The note had a $5$ percent annual interest rate and a one$-$year term to maturity. Malco Enterprises recognized

$$77,500$ of revenue on account in Year $1$ and $$91,200$ of revenue on account in Year $2.$ Cash collections of accounts receivable were

$$63,300$ in Year $1$ and $$73,500$ in Year $2.$ Malco paid $$44,000$ of other operating expenses in Year $1$ and $$50,000$ of other operating

expenses in Year $2.$ Malco repaid the loan and interest at the maturity date.

Required

a$.$ Organize the information in accounts under an accounting equation.

b$.$ What amount of net cash flow from operating activities would be reported on the Year $1$ cash flow statement?

c$.$ What amount of interest expense would be reported on the Year $1$ income statement?

d$.$ What amount of total liabilities would be reported on the December $31,$ Year $1,$ balance sheet?

e$.$ What amount of retained earnings would be reported on the December $31,$ Year $1,$ balance sheet?

f$.$ What amount of cash flow from financing activities would be reported on the Year $1$ statement of cash flows?

g$.$ What amount of interest expense would be reported on the Year $2$ income statement?

h$.$ What amount of cash flows from operating activities would be reported on the Year $2$ cash flow statement?

i$.$ What amount of assets would be reported on the December $31,$ Year $2,$ balance sheet?

Complete this question by entering your answers in the tabs below.

Req A

b$.$ What amount of net cash flow from operating activities would be reported on the Year $1$ cash flow statement?

c$.$ What amount of interest expense would be reported on the Year $1$ income statement?

d$.$ What amount of total liabilities would be reported on the December $31,$ Year $1,$ balance sheet?

e$.$ What amount of retained earnings would be reported on the December $31,$ Year $1,$ balance sheet?

f$.$ What amount of cash flow from financing activities would be reported on the Year $1$ statement of cash flows?

g$.$ What amount of interest expense would be reported on the Year $2$ income statement?

h$.$ What amount of cash flows from operating activities would be reported on the Year $2$ cash flow statement?

i$.$ What amount of assets would be reported on the December $31,$ Year $2,$ balance sheet?

Note: For all requirements, enter cash outflows as negative amounts.