Question: How will the first payment on June 3 0 , 2 0 2 6 , affect the financial statements? Note: Amounts to be deducted should

How will the first payment on June 30,2026, affect the financial statements?
Note: Amounts to be deducted should be indicated by a minus sign.
Balance SheetAssetsLiabilitiesStockholders' EquityCommon StockRetained EarningsCash$(12,800)$0$0$(12,800)$0$0$0$0Income StatementRevenuesExpensesNet IncomeInterest Expense$12,800$(12,800)$0$0

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