provide your answers and formulas in excel

Use these facts for the next three questions: On April 1, 2021. Your Company lent $625,000 to Ace Company. It is a one-year loan and bears interest at 7.5%. Interest and principal are paid at the end of the loan period 12. (5 points) How much interest income would you accrue on the December 31, 2021 financial statements? 13. (5 points) Give the journal entries to reflect the repayment of the loan on March 31, 2022. You may not need all the lines. You have already accrued the interest income due for 2022. Answer below Account Titles Date Debit Credit 14. (5 points) Tell me where the cash used to repay the interest would appear on the statement of cash flows. (OA. IA or FA)