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National Food Services, Inc., borrowed $4.8 million from its local bank on January 1, 2016, and issued a 4-year installment note to be paid in

National Food Services, Inc., borrowed $4.8 million from its local bank on January 1, 2016, and issued a 4-year installment note to be paid in four equal payments at the end of each year. The payments include interest at the rate of 9%. Installment payments are $1,481,610 annually. Required: What would be the amount(s) related to the note that National would report in its statement of cash flows for the year ended December 31, 2016?

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