On September 1st, the company borrows $1,000,000 cash from the bank to expand operations. The company signs a 1 year, 6% promissory note. The company's year-end is December 31. 6. How was the loan classified on the company's December 31 , year 1 balance sheet? A. Current liability B. Long term liability C. Note disclosure only D. Stockholders' Equity 7. How was the loan classified on the company's December 31 , year 1 statement of cash flow? A. Operating activity B. Investing activity C. Financing activity D. Not shown on the statement of cash flows 8. $ How much interest should be accrued on December 31 of the first year (assume no previous entry was recorded for interest on the loan)? 9. When the note is paid at maturity (August 31, year 2) how much cash is paid to the bank? 10. $ When the note is paid at maturity in the second accounting year, how much does net income decrease