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the info in the first photo is used for all of question A partial amortization schedule for a 5-year note payable that Mabry Company issued

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the info in the first photo is used for all of question
A partial amortization schedule for a 5-year note payable that Mabry Company issued on January 1, Year 1, is shown as follows. Accounting Principal Cash Applied to Applied to Period Balance January 1 Payment Interest Principal Year 1 $131,000 $33,679 $11,790 $21,889 Year 2 109, 111 33,679 9,820 23,859 Year 3 85,252 33,679 7,673 26,006 Required a. What rate of interest is Mabry Company paying on the note? b. Using a financial statements model like the one shown, record the appropriate amounts for the following two events: (1) January 1, Year 1, Issue of the note payable (2) December 31, Year 1. payment on the note payable. c. If the company earned $89,600 cash revenue and pold $53,760 in cash expenses in addition to the interest in Year 1, what is the amount of each of the following? (1) Net Income for Year 1 (2) Cash flow from operating activities for Year 1, (3) Cash flow from financing activities for Year 1. d. What is the amount of interest expense on this loon for Year 4? Complete this question by entering your answers in the tabs below. Required A Required B Required Required D What rate of interest is Mabry Company paying on the note? Rate of interest % Required A Required B Required C Required D Using a financial statements model like the one shown, record the appropriate amounts for the following two events: (Enter any decreases to account balances and cash outflows with a minus sign. In the Cash Flows column, designate the cash flows as operating activities (OA), Investing activities (IA), financing activities (FA), or if there is no effect, leave the cell blank. Not all cells will require entry.) (1) January 1, Year 1, issue of the note payable. (2) December 31, Year 1, payment on the note payable. Show less MABRY COMPANY Horizontal Statements Model Balance Sheet Income Statement Stockholder's Liabilities Revenue Expense - Net Income Equity Event No. Statement of Cash Flow Assets 1 + 2. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D If the company earned $89,600 cash revenue and paid $53,760 in cash expenses in addition to the interest in Year 1, what is the amount of each of the following? (Cash outflows should be indicated with a minus sign.) (1) Net income for Year 1 (2) Cash flow from operating activities for Year 1 (3) Cash flow from financing activities for Year 1

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