Problem 7-31 Accounting for an installment note payable LO 7-5 The following transactions apoyto Pecan Co for 2018 ist year of operations PECAN COMPANY Balance Sheet As of December 31, 2018 Thes is 5 percent and annual payments are $69.292 Assets 1 Recewed 5100000 cash in angeformance of common 2 Secured a $300.000 vyes e ronoms 3 Purchased and for 0 000 4 Provided services for $260 000 5. Pad other operating expenses of $150.000 5 Paid the annual payment on Organigheacon Prepare an income and beach What is the expense for 2019 2020 og 20 Total assets Liabilities Red ReginRegal Sheet Red Organize the transaction data in accounts under an accounting equation Enter any decreases to account balan Select "NA" there is no effect on the Accounts Titles / Retained Earnings.) Total liabilities Stockholders' Equity PECAN COMPANY Effect of events on the Accounting Equation Stockholders' Equity Note Land Common Retained * Farnings Accounts Titles Retained Earnings 100000 0 service revenue . Total stockholders' equity Total liabilities and stockholders' equity Req B Inc Stmt Reqc Prepare an income statement for 2018. PECAN COMPANY Income Statement For the Year Ended December 31, 2018 Regine Real What is the interest expense for 2019 and 2020? (Round your answers to the nearest whold 2019 2020 Sh Non-operating items