question 6

D Question 6 10 pits On January 1, 2017 Company M signed a 5 year installment note. The first two years of the amortization title are presented below Lise this information to answer questions A D Date Total Payment interest Expense Loan Reduction Net Hote Payable 01/01/2017 30.000 12/31/2017 7.713 2,700 5,013 24987 12/31/2018 7.713 2,248 5,465 19.572 A. What amount is reported on the Income Statement in 2018? B. What amount is reported on the Balance Sheet at the end of 2018? C. What amount is reported on the Statement of Cash Flows in 2018? D. What is the annual interest rate on this installment