! Required information [The following information applies to the questions displayed below.) Madison Company issued an interest-bearing note payable with a face value of $31,200 and a stated interest rate of 8% to Metropolitan Bank on August 1 Year 1 The note carried a one-year term. Based on this information alone, what is the amount of cash flow from operating activities reported on Madison's Year 1 statement of cash flows? Multiple Choice $2,496 SO 20 $31200 Based on this information alone, what is the amount of cash flow from operating activities reported on Madison's Year 1 statement of cash flows? Multiple Choice $2,496 $0 $31,200 $1,040 Required information [The following information applies to the questions displayed below.) Madison Company issued an interest-bearing note payable with a face value of $31,200 and a stated interest rate of 8% to Metropolitan Bank on August 1, Year 1. The note carried a one-year term Based on this information alone, what is the amount of total liabilities appearing on Madison's balance sheet as of December 31, Year 1? Multiple Choice $32.240 $31200 $33,696 Based on this information alone, what is the amount of total liabilities appearing on Madison's balance sheet as of December 31, Year 1? Multiple Choice $32,240 $31,200 $33,696 $32,656