A partial amortization schedule for a 10-year note payable issued on January 1, Year 1, is shown next 3. Using a financial statements model, record the appropriate amounts for the following two events (1) January 1, Year 1, issue of the note payabie. (2) December 31, Year 1, payment on the note payable. b. If the company earned 566,000 cash revenue and paid 547,000 in cash expenses in addition to the interest in Year 1 , what is the amount of each of the foilbwing? (1) Net income for Year 1 (2) Cash flow from operating activities for Year 1 (3) Cash flow from financing activities for Year 1. c. What is the amount of interest expense on this loan tor Year 4 ? Using a financial statements model, record the appropriate amounts for the following two evonts: (1) January 1, Year 1, issue of the note payablin, (2) Decenber 31. Vear 1, Ayjine on the note payabie. Wate: in the Statiment of Cash Flows column, indicate whether the iteen is an operabing activity (OA), investing activity (taA), of financing activity (Fh), Not all celik regulre impifi. Amerants to be deducted and cash outflows should be indicated with a minves sign. If the company earned $66,000 cash revenue and paid $47,000 in cash expenses in addition to the interest in Year 1 , what is the amount of Net income for Year 1? If the company earned $66,000 cash revenue and paid $47,000 in cash expenses in addition to the interest in Year 1 , what is the amount of Cash flow from operating activities for Year 1 ? Note: Amounts to be deducted and cash outflows should be indicated with minus sign. If the company earned $66,000 cash revenue and paid $47,000 in cash expenses in addition to the interest in Year 1 , what is the amount of Cash flow from financing activities for Year 1 ? Note: Amounts to be deducted should be indicated with minus sign. Complete this question by entering your answers in the tabs below. What is the amount of interest expense on this loan for Year 4? Note: Round your answer to the nearest dollar amount