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 Year 3 Principal Balance January 1 $ 200.000 184,826 168, 742 Cash Payment $ 27,174 27,174 27,174 Applied to Interest $ 12,000 11,099 10,125 Applied to Principal $ 15,174 16,084 17,849 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 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 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 B1 Required B2 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 12 Revenue Expenses Cash Interest expense Total expenses Net Income 0 $ 0