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need help less than 30 minutes if you can please and thank you Buddy the Elf Company borrowed $7,200 on April 1, Year 1 .

need help less than 30 minutes if you can please and thank you image text in transcribed

Buddy the Elf Company borrowed $7,200 on April 1, Year 1 . The one-year note carried a 18% rate of interest. The amount of cash outflow from operating activities that Buddy the Elf would report in Year 1 and Year 2, respectively would be: Multiple Choice $0 and $1,296. $972 and \$324. $324 and \$972. $1,296 and \$0

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