Required information SB On January 1, Year 1, Mahoney... The following information applies to the questions displayed below.) On January 1, Year 1, Mahoney Company borrowed $324,000 cash from Sun Bank by issuing a 5-year, 8% term note. The principal and interest are repaid by making annual payments beginning on December 31, Year 1. The annual payment on the loan equals $81,150. TB MC Qu. 10.42 Which of the following shows... Which of the following shows the effects on the elements of the financial statement of the cash payment on December 31, Year 1? Assets = Liab. Stk. + Equity Revenue - Expense = Net Inc. NA Stmt. of Cash Flows -FA/-OA -FA -FA/-OA NA -OA