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A partial amortization schedule for a 10 year note payable sted on January Year is show next Frios Years Year Ya 3230, 211,714 109,114 129,75 23,7 29,75 511.10 10,50 9.60 TESTIDAS $18,256 1,200 20,150 Required 6. Uing a financial statements model record the appropriate amounts for the following two events January 1 Year 1, Issue of the note payable 12 December 31 Year I payment on the note payable b. If the company earned 568,000 cash revenue and pole $48,000 in cash expenses in addition to the interest in what what is the amount of each of the following Net Income for Yeart Cash flow from operating activities for Year Cash flow from financing actives for Yeart c. What is the amount of interest expense on this loon for Your 47 Complete this question by entering your answers in the low. FA Heered Using camera model record the propriate amounts for the foot (1) Sanuary art of the newer 31 Yar went on the novelle. Saament of Cash indicate whether the item is an operating activity (OA). Investing Accu CA). Notice uirewout to be deducted and cash to should come Show less EN Sot - Exp 230.000 - 210.000 5001 230.000 TA 2 . 1200 - (2001 Required) A partial amortization schedule for a 10-year note payable issued on January 1, Year 1, is shown next Accounting Period Year 1 Year 2 Year 3 Pranega Balance January 1 $ 230,000 211,714 192,514 Cash Payment $29,786 29,786 29,786 Applied to Interest $11,500 10,586 9,626 Applied to Principal $18,286 19,200 20,160 Required 2. Using a financial statements model record the appropriate amounts for the following two events (1) January 1. Year 1, Issue of the note payable. (2) December 31. Year 1. payment on the note payable. b. If the company earned $68,000 cash revenue and pald $48.000 In cash expenses In addition to the interest in Year 1, what is the amount of each of the following? (1) Net Income for Year 1 (2) Cash flow from operating activities for Year 1. (3) Cash flow from financing activities for Year 1. c. What is the amount of Interest expense on this loan for Year 4? Complete this question by entering your answers in the tabs below. Required A Regulad 1 Required B2 Required 63 Required If the company earned $68,000 cash revenue and paid $48,000 in cash expenses in addition to the interest in Year 1. what is the amount of Net income for Year 17 68,000 Revenue Expenses Operating expenses Interest expense $ 48.000 18.280 Total expenses Net income (68.280) 1.714 $ A partial amortization schedule for a 10-year note payable issued on January 1, Year 1, is shown next: Accounting Period Year 1 Year 2 Year 3 Principal Balance January 1 $ 230,000 211,714 192,514 Cash Payment $29,786 29,786 29,786 Applied to Interest $11,500 19,586 9,626 Applied to Principal $18,286 19, 200 20,160 Required a. Using a financial statements model, record the appropriate amounts for the following two events (1) January 1. Year 1, Issue of the note payable. (2) December 31. Year 1, payment on the note payable. b. If the company earned $68,000 cash revenue and paid $48,000 in cash expenses in addition to the interest in Year 1, what is the amount of each of the following (1) Net income for Year 1. (2) Cash flow from operating activities for Year 1 (3) Cash flow from financing activities for Year 1. c. What is the amount of Interest expense on this loan for Year 4? Complete this question by entering your answers in the tabs below. Required A Required B1 Required B2 Required 63 Required If the company earned $68,000 cash revenue and paid $48.000 in cash expenses in addition to the interest in Yeart, what is the amount of cash flow from operating activities for Year 12 (Amounts to be deducted and cash outflows should be Indicated with minus sign.) Cash flows from operating activities: Inflow from customers 5 68,000 (48.000) Outflow for expenses Net cash flow from operating activities S 20.000 A partial amortization schedule for a 10 year note payable sted on January Year is show next Frios Years Year Ya 3230, 211,714 109,114 129,75 23,7 29,75 511.10 10,50 9.60 TESTIDAS $18,256 1,200 20,150 Required 6. Uing a financial statements model record the appropriate amounts for the following two events January 1 Year 1, Issue of the note payable 12 December 31 Year I payment on the note payable b. If the company earned 568,000 cash revenue and pole $48,000 in cash expenses in addition to the interest in what what is the amount of each of the following Net Income for Yeart Cash flow from operating activities for Year Cash flow from financing actives for Yeart c. What is the amount of interest expense on this loon for Your 47 Complete this question by entering your answers in the low. FA Heered Using camera model record the propriate amounts for the foot (1) Sanuary art of the newer 31 Yar went on the novelle. Saament of Cash indicate whether the item is an operating activity (OA). Investing Accu CA). Notice uirewout to be deducted and cash to should come Show less EN Sot - Exp 230.000 - 210.000 5001 230.000 TA 2 . 1200 - (2001 Required) A partial amortization schedule for a 10-year note payable issued on January 1, Year 1, is shown next Accounting Period Year 1 Year 2 Year 3 Pranega Balance January 1 $ 230,000 211,714 192,514 Cash Payment $29,786 29,786 29,786 Applied to Interest $11,500 10,586 9,626 Applied to Principal $18,286 19,200 20,160 Required 2. Using a financial statements model record the appropriate amounts for the following two events (1) January 1. Year 1, Issue of the note payable. (2) December 31. Year 1. payment on the note payable. b. If the company earned $68,000 cash revenue and pald $48.000 In cash expenses In addition to the interest in Year 1, what is the amount of each of the following? (1) Net Income for Year 1 (2) Cash flow from operating activities for Year 1. (3) Cash flow from financing activities for Year 1. c. What is the amount of Interest expense on this loan for Year 4? Complete this question by entering your answers in the tabs below. Required A Regulad 1 Required B2 Required 63 Required If the company earned $68,000 cash revenue and paid $48,000 in cash expenses in addition to the interest in Year 1. what is the amount of Net income for Year 17 68,000 Revenue Expenses Operating expenses Interest expense $ 48.000 18.280 Total expenses Net income (68.280) 1.714 $ A partial amortization schedule for a 10-year note payable issued on January 1, Year 1, is shown next: Accounting Period Year 1 Year 2 Year 3 Principal Balance January 1 $ 230,000 211,714 192,514 Cash Payment $29,786 29,786 29,786 Applied to Interest $11,500 19,586 9,626 Applied to Principal $18,286 19, 200 20,160 Required a. Using a financial statements model, record the appropriate amounts for the following two events (1) January 1. Year 1, Issue of the note payable. (2) December 31. Year 1, payment on the note payable. b. If the company earned $68,000 cash revenue and paid $48,000 in cash expenses in addition to the interest in Year 1, what is the amount of each of the following (1) Net income for Year 1. (2) Cash flow from operating activities for Year 1 (3) Cash flow from financing activities for Year 1. c. What is the amount of Interest expense on this loan for Year 4? Complete this question by entering your answers in the tabs below. Required A Required B1 Required B2 Required 63 Required If the company earned $68,000 cash revenue and paid $48.000 in cash expenses in addition to the interest in Yeart, what is the amount of cash flow from operating activities for Year 12 (Amounts to be deducted and cash outflows should be Indicated with minus sign.) Cash flows from operating activities: Inflow from customers 5 68,000 (48.000) Outflow for expenses Net cash flow from operating activities S 20.000