New chapter and not sure how to do. Any help would be great. Thanks.

company was slarted In addltion, Malco borrowed $37 000 from a local bank on July 1, 2016. The note had a 5 percent annual interest rate and a one-year term to maturty Malco Enterprises recognized $73.600 of revenue on account in 2016 and 586 200 of revenue on account in 2017. Cash collections of accounts receivable were $62.300 in 2016 and $72 ,500 in 2017 Malco paid $39,900 of other operating expenses in 2016 and $46,000 of other operating expenses in 2017 Malco repaid the loan and interest at the maturity date Required: Based on this information, answer the following questions (Hint Record the events in the accounting equation belore answering the questions ) (Enter any decreases to account balances with a minus sign.) Eftect of Events on the Financial Statements Belance Sheet Assets Events Cash InterestC 2016 2 Loan 3 Rev 5 Op Exp 6 Int. Acc End Bal Beg Bal 2 Coll AR . op Exp 4 Int. Acc Pay Int &Pin a. What amount of inberest expense would Malco r report on the 2016 Income statement cash fows? ThinkCentre