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National Food Services, Incorporated, borrowed $7.4 million from its local bank on January 1, 2024, and is note to be paid in four equal payments
National Food Services, Incorporated, borrowed $7.4 million from its local bank on January 1, 2024, and is note to be paid in four equal payments at the end of each year. The payments include interest at the rate are $2,234,214 annually. Required: What would be the amount(s) related to the note that National would report in its statement of cash flows December 31, 2024? Note: List each cash flow separately. Cash outflows should be indicated with a minus sign. Enter your and not in millions
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