PLEASE ANSWER BOTH

Cracked Egg Diner needed some long-term financing and arranged for a 10-year, $100,000, 7% mortgage loan on January 1, Year 1. Annual payments of $14,238 will be made on December 31 each year. For each item, select the amount as of or for the Year Ended December 31, Year 1, in the column of the one financial statement where the amount is found. - Interest Expense A. (14,238); Income Statement - Notes Payable B. (7,238); Income Statement C. (7,000): Income Statement - Cash Paid for Interest D. 100,000; Income Statement - Payment of Note Payable Principal E. (7,000): Statement of Cash Flows - Operating Activities F. 14,238; Statement of Cash Flows - Operating Activities G. (7,238); Statement of Cash Flows - Financing Activities H. (14,238): Statement of Cash Flows - Financing Activities 1. 7,238; Balance Sheet J. 92,762; Balance Sheet K. 100,000; Balance Sheet QUESTION 12 Tequila Mockingbird, Inc., needed some long-term financing and arranged for a 10-year, $100,000, 7% mortgage loan on January 1, Year 1. Annual payments of $14,238 will be made on December 31 each year. For each item, select the amount as of or for the Year Ended December 31, Year 2, in the column of the one financial statement where each amount is found. - Notes Payable A. $85,017; Balance Sheet - Interest Expense B. $(6,493); Income Statement C. $(13,483); Income Statement D. $(14,238); Income Statement E. $85,762; Balance Sheet F. $93,000; Balance Sheet G.$(7.238); Income Statement