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On January 1 , 2 0 2 4 , ZZ , Inc. took out a bank loan. The loan required annual payments of $ 2

On January 1,2024, ZZ, Inc. took out a bank loan. The loan
required annual payments of $26,500, with the first payment
being due December 31,2024.
In its 2025 statement of cash flows, ZZ, Inc. reported a
cash outflow from operating activities of $14,292 related
to this loan. In its 2026 statement of cash flows, ZZ, Inc.
had a cash outflow from financing activities of $13,306.72
related to this loan.
The loan balance at December 31,2026, after the third loan
payment was made, totaled $133,285.28
Calculate the amount of the loan payment made on Dec. 31,2024
that is classified as a reduction of principle.

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