The following information applies to the questions displayed below.) On January 1, 2014, Mixon Co. borrowed cash from First City Bank by issuing a $90,000 face value, three- year term note that had a 7 percent annual interest rate. The note is to be repaid by making annual cash payments of $34.295 that include both interest and principal on December 31 of each year Mixon used the proceeds from the loan to purchase land that generated rental revenues of $45,000 cash per year