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On May 1,2016, Benz's Sandwich Shop loaned $14,000 to Mark Henry for one year at 7 percent interest Required a. What is Benz's interest income

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On May 1,2016, Benz's Sandwich Shop loaned $14,000 to Mark Henry for one year at 7 percent interest Required a. What is Benz's interest income for 2016? (Round your answer to the nearest dollar amount) b. What is Benz's total amount of receivables at December 31, 2016? (Round your answer to the nearest dollar amount. c. How will the loan and interest be reported on Benz's 2016 statement of cash flows? Cash provided by investing activities Cash provided by operating activities Cash used in investing activities Cash used in operating activities d. What is Benz's interest income for 2017? (Round your answer to the nearest dollar amount) e. What is the total amount of cash that Benz's will collect in 2017 from Mark Henry? (Round your answer to the nearest dollar amount.) esc 2 3 4 5 6 1

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