Exercise $21-12($Algo$)$ Installment note; financial statement effects $[$LO$21-3,21-6]$

National Food Services, Incorporated, borrowed $$5\mathrm{.}0$ million from its local bank on January $1,2024,$ and

issued a four$-$year installment note to be paid in four equal payments at the end of each year. The payments

include interest at the rate of $10\%.$ Installment payments are $$1,577,354$ annually.

Required:

What would be the amount$($s$)$ related to the note that National would report in its statement of cash flows for

the year ended December $31,2024?$

Note: List each cash flow separately. Cash outflows should be indicated with a minus sign. Enter your

answers in whole dollars and not in millions.

Cash inflow from financing activities

Cash inflow from investing activities

Cash inflow from operating activities

Cash outflow from financing activitiesNational Food Services, Incorporated, borrowed $$5\mathrm{.}0$ million from its local bank on January $1,2024,$ and issued a four$-$year installment note to be paid in four equal payments at the end of each year. The payments include interest at the rate of $10\%.$ Installment payments are $$1,577,354$ annually.

Required:

What would be the amount$($s$)$ related to the note that National would report in its statement of cash flows for the year ended December $31,2024?$