Please is two Parts A and B. Please answer now. Please asap

Required: a. What is the annual rate of interest charged on this loan? b. Whing the horizontal financial statements model, record the appropriate amounts for the following two events: (1) January 1, Yoar 1, issue of the note payable. (2) December 31, Year 1, payment on the note payable. Complete this question by entering your answers in the tabs below. What is the annual rate of interest charged on this loan? Using the horizontal financial statements model, record the appropriate amounts for the folfowing two tvents: (1) January I, Year 1, issue of the note payable. (2) Decomber 31, Yoar 1, payment on the note paryable. and cash outhows with a minus sign, leave cells blank if no input is needed. Required: a. What is the annual rate of interest charged on this loan? b. Whing the horizontal financial statements model, record the appropriate amounts for the following two events: (1) January 1, Yoar 1, issue of the note payable. (2) December 31, Year 1, payment on the note payable. Complete this question by entering your answers in the tabs below. What is the annual rate of interest charged on this loan? Using the horizontal financial statements model, record the appropriate amounts for the folfowing two tvents: (1) January I, Year 1, issue of the note payable. (2) Decomber 31, Yoar 1, payment on the note paryable. and cash outhows with a minus sign, leave cells blank if no input is needed