On May $1,$ Year $1,$ Benz$$s Sandwich Shop loaned $$14,000$ to Mark Henry for one year at $10$ percent interest.

Required

a$.$ What is Benz$$s interest income for Year $1?$

b$.$ What is Benz$$s total amount of receivables at December $31,$ Year $1?$

c$.$ How will the loan and interest be reported on Benz$$s Year $1$ statement of cash flows?

d$.$ What is Benz$$s interest income for Year $2?$

e$.$ What is the total amount of cash that Benz$$s will collect in Year $2$ from Mark Henry?

f$.$ How will the loan and interest be reported on Benz$$s Year $2$ statement of cash flows?

g$.$ What is the total amount of interest that Benz$$s earned on the loan to Mark Henry?

$($For all requirements, round your answers to the nearest dollar amount.$)$