A partial amortization schedule for a 10-year note payable issued on Januaryt. Year 1, is shown next Acting Perte Year 1 Year 2 Year Balance mary $270,000 249,516 227,03 Payhent $36,684 36,684 Aplied to Interest $16,200 14.971 13,668 Applied to Principal 120,480 21,713 23,016 Required .. 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 camed $76.000 cash revenue and paid $52,000 in Cash expenses in addition to the interest in Year 1, what is the amount of each of the following (t) Net Income for Year 1 (2) Cash flow from operating activities for Your B) 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 Required : Required 02 Required 03 Required wung financial statements model, record the appropriate amounts for the following two events (1) Japuary 1 Year 1. issue of the note payable (2) December 31 Yeart Payment on the nate payable in the statement of Cash Flow celu indicate whether the man aparating activity (CA), investing activity (TA) ning activity (PA). Not all cells renout Amounts to be deducted and cash outflow should be indicated with a minus sign)