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Required information [The following information applies to the questions displayed below] On October 1, Year 1, Blake Company loaned $21,600 to Jimenez for 8
Required information [The following information applies to the questions displayed below] On October 1, Year 1, Blake Company loaned $21,600 to Jimenez for 8 months at 6% interest. Required: b. How will Blake report the note and interest on its Year 2 income statement and statement of cash flows? Complete this question by entering your answers in the tabs below. Income Statement Statement of Cash Flows How will Blake report the note and interest on its Year 2 income statement? Blake Company Income Statement For the Year Ended December 31, Year 2 Income Statement Statement of Cash Flows > Income Statement Statement of Cash Flows How will Blake report the note and interest on its Year 2 statement of cash flows? Blake Company Statement of Cash Flows For the Year Ended December 31, Year 2 1 Cash flows from operating activities Net cash inflow from operating activities Cash flows from investing activities Net cash inflow from investing activities
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