A partial amortization schedule for a 10-year note payable issued on January 1, Year 1. is shown next: Accounting Period Year 1 Year 2 Years Principal Balance January 1 $200,000 184,62 168.742 Cash Payment $22,176 27.174 27, 174 Applied to Interest $ 12,000 11,090 10,125 Applied to Principal $15, 176 16.084 27.049 Required a. Using a financial statements model, 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 ) Net Income for Yeart (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 for Year 4? Complete this question by entering your answers in the tabs below. Required A Required 1 Required 2 Required 13 Required Balance Sheet Event No Financial Statement Model income Statement Stockholders Eduy Revenue Assets Statement of Cash Net Income Required 31 > aeuired B1 Required A Required 2 Required B3 Required c 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 Net Income for Year 17 Expenses Total expenses Required A Required 82 > Complete this question by entering your answers in the tabs below. Required a Required B1 Required B2 Required B2 Required C 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 cash flow from operating activities for Year 1? (Amounts to be deducted and cash outflows should be indicated with minus sign.) Cash flows from operating activities Net cash flow from operating activities Complete this question by entering your answers in the tabs below. Required A Required B1 Required B2 Requited B3 Required 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 cash flow from financing activities for Year 12 (Amounts to be deducted should be indicated with minus sign.) Cash flows from financing activities Net cash flow from financing activities Complete this question by entering your answers in the tabs below. Required ed A Required B1 Required B2 Required B3 Requited Required What is the amount of interest expense on this loan for Year 47 (Round your answer to the nearest dollar amount.) Interest experts