A partial amortization schedule for a 10-year note payable issued on January 1, Year 1, is shown next: Principal Balance January 1 $200,000 184,826 168,742 Applied to Applied to Principal $ 15,174 Accounting Period Year1 Year 2 Year Cash Payment $ 27,174 27,174 Interest $ 12,000 11,090 10,125 16,084 27,174 17,049 Required a. Using a financial statements model like the one shown next, 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 b. If the company earned $62,000 cash revenue and paid $45,000 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 Year1 c. What is the amount of interest expense on this loan for Year 4