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This window shows what is correct and incorrect for the work you have completed so far. Even if all of the work you have done
This window shows what is correct and incorrect for the work you have completed so far. Even if all of the work you have done so far is correct, you may not have completed everything. National Food Services, Inc., borrowed $6.8 million from its local bank on January 1, 2016, and issued a 4-year installment note to be paid in four equal payments at the end of each year. The payments include interest at the rate of 12%. Installment payments are $2,238,794 annually. Required: What would be the amount(s) related to the note that National would report in its statement of cash flows for the year ended December 31, 2016? (List each cash flow separately. List any cash outflow with a minus sign. Enter your answers in whole dollars.)
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