Malco Enterprises issued $$23,000$ of common stock when the company was started. In addition, Malco borrowed $$49,000$ from a local bank on July $1,$ Year $1.$ The note had a $6$ percent annual interest rate and a one$-$year term to maturity. Malco Enterprises recognized $$86,800$ of revenue on account in Year $1$ and $$98,200$ of revenue on account in Year $2.$ Cash collections of accounts receivable were $$74,300$ in Year $1$ and $$84,500$ in Year $2.$ Malco paid $$50,700$ of other operating expenses in Year $1$ and $$58,000$ of other operating expenses in Year $2.$ Malco repaid the loan and interest at the maturity date.

Required

Based on this information given above, record the events in the accounting equation and answer the following questions.

Note: Enter any decreases to account balances with a minus sign. What amount of interest expense would Malco report on the Year $1$ income statement?

What amount of net cash flow from operating activities would Malco report on the Year $1$ statement of cash flows?

What amount of total liabilities would Malco report on the December $31,$ Year $1,$ balance sheet?

What amount of retained earnings would Malco report on the December $31,$ Year $1,$ balance sheet?

What amount of net cash flow from financing activities would Malco report on the Year $1$ statement of cash flows?

What amount of interest expense would Malco report on the Year $2$ income statement?

What amount of net cash flow from operating activities would Malco report on the Year $2$ statement of cash flows?

What amount of total assets would Malco report on the December $31,$ Year $2,$ balance sheet?

What amount of net cash flow from investing activities would Malco report on the Year $2$ statement of cash flows?

If Malco Enterprises paid a $$3,300$ dividend during Year $2,$ what retained earnings balance would it report on the December $31,$ Year $2,$ balance sheet?