Question: Please help with the following problem. On May 1. 2018, Benz's Sandwich Shop loaned $22,000 to Mark Henry for one year at 8 percent interest.
Please help with the following problem.


On May 1. 2018, Benz's Sandwich Shop loaned $22,000 to Mark Henry for one year at 8 percent interest. Required a. What is Benz's interest income for 2018? [Round your answer to the nearest dollar amount.) -:l b. What is Benz's total amount of receivables at December 31, 2018? {Round your answer to the nearest dollar amount.) _:I c. How will the loan and interest be reported on Benz's 2018 statement of cash ows? ::l d. What is Benz's interest income for 2019? (Round your answers to the nearest dollar amount.) -:l e. What is the total amount of cash that Benz's will collect in 2019 from Mark Henry? (Round your answer to the nearest dollar amount.) -:l f. How will the loan and interest be reported on Benz's 2019 statement of cash flows? (Round your answer to the nearest dollar amount.) 9. What is the total amount ofinterest that Benz's earned on the loan to Mark Henry? {Round your answer to the nearest dollar amount.) -:l
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