A partial amortiation schedule for a $10-$year note payable whith a $5$ percent interest rate issued on January $1,$ Year $1,$ is shown next.

$\backslash$table$[[,,,,],[$Perlod$,$Primipal Batance Janeary. $1,$Cash Payment,Applied to Interest,Apolied te Principal$],[$Year $1,$$$210,0$e$4,$$$27,196,$$$18,569,$$$16,616],[$Year $2$ Year $3,193,304,27,196,9,665,316,63617,531],[$Year $3,175,773,27,195,8,769,18,497]]$

Aequired

a$.$ Using a horirontal statements model, record the appropriate amounts for the following two events:

January $1,$ Year $1$ issue of the note payable.

Decembet $3$t$,$ Yeer $1,$ parment on the note paryable.

b$.$ It the compary earned $$64,000$ cash revenue and paid $$46,000$ in cash espenses in addison to the interest in Year $1,$ what is the amount of esch of the following?

Net income for Year $1$

Cash flow from operming activioes for Year $1.$

Cash flow from financing activities for Year $1.$

c$.$ What is the amount of inferest expense on this loan for Vear $4?$

Complete this question by estering your answers in the tabs below.

$\backslash$table$[[$Resa$,$Req $81,$A$4489,$Req m$]]$

Uving a horcuontal sabements model, recond the appropriabe amounts for the following twe events: $(1)$ January $1,$ Year $1,$ ishue of the note payable. $(2)$ Gecember $31.$ Tear $1,$ payment on bid role parable. to indicate no effect. Enter any decreases to account balances and cash outhows with a minus sion.

Hhew leas at

A partial amortization schedule for a to$-$year note payable with a $5$ percent imerest rate issued on January $1,$ Year $1,$ is shown next.

Required

a$.$ Using a horizomal statements model, record the appropriate amounts for the following two everts:

January $1,$ Year i$,$ issue of the note payable.

December $31,$ Year $1,$ parment on the note payable.

b$.$ If the company earned $$64,000$ cash revenue and paid $$46\mathrm{.}000$ in cash expenses in addition to the interest in Year $1,$ what is the amount of each of the following?

Net income for Year $1$

Cash flow from operaing activities for Wear $1.$

Cash flow from finencing activilies for Year I

c$.$ What is the amount of interest expense on this loan for Year $4?$

Complete this question by enfering your answers in the tabs below.

$$ Ne$481$

Using a horiacotw slatements model, record the appropriabe amounts for the follewing tag evests: $(1)$ January $1,$ Year $1,$ issue of the note papabie. $(2)$ December $31,$ Year $1,$ payment on the note parabie.

Note: In the Statement of Couh Flowi column, use the initials OA to dewignate operating activity, IA for invevting activing. FA for financing activity and inger band