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please write in text not in handwriting since its hard to read from a paper pic and i need an explanation for each problem thank

please write in text not in handwriting since its hard to read from a paper pic and i need an explanation for each problem thank you

1. Prepare an amortization schedule for a 5-year loan of $87,000. The interest rate is 7% with equal monthly payments How much interest is paid during the first year?

2. Prescott Football Manufacturing had the following operating results for 2019: Sales = $29,874; Cost of Goods Sold = $21,632; Depreciation Expense = $3,470; Interest Expense = $514; Dividends Paid = $825. At the beginning of the year, Net Fixed Assets were $19,872; Current Assets were $3,557; and Current Liabilities were $3,110. At the end of the year, Net Fixed Assets were $22,987; Current Assets were $4,381; and Current Liabilities were $2,981. The Tax Rate for 2019 was 24 percent.

  1. What is net income for 2019?
  2. What is the operating cash flow for 2019?
  3. What is the cash flow from assets for 2019? Is this possible? Explain.
  4. If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to stockholders?

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