Problem 1 To help with cash flow, Scott's Camping World (SCW) borrowed $50,000 from their bank on January 1, 2033, by issuing a 5 -year, 8% installment loan. Payments of $12,523 are due each year on December 31 , beginning in 2033. (2 points) Question 1 - What is the principal balance on this installment note at the end of 2035 after the loan payment is recorded? Round your answers to the nearest whole dollar. (Hint: Use an amortization schedule to determine your answer.) Problem 2 Refer back to Problem \#1. In addition to the installment loan, SCW issued $200,000 of 5-year, 7% bonds for $190,000 on January 1, 2033. Interest is paid semiannually on June 30 and December 31 . SCW uses the straightline method for amortizing bond discounts and premiums. SCW also had the following financial information during the life of the loan: earned cash revenue of $85,000 each year, paid cash operating expenses of $35,000 each year, purchased land in 2033 for $35,000, and purchased computer equipment in 2035 for $6,500 (estimated useful life of 5 years and salvage value of $600 ). (2 points) Question 2 - What is SCW's net income for 2035? (2. points) Question 3 - What is SCW's total assets for 2035? The following data comes from the payroll department of Jack Corporation for December 2032. Employees (and the related payroll taxes) will not be paid until January 6, 2033. (2 points) Question 4 - What is the amount of wages payable for the month of December? (2 points) Question 5 - Based solely on this information, what amount will the balance sheet show as total liabilities for at the end of December