Question: Question 10 10 pts Your Corporation issues an 8-year note payable on January 1, 2020 for $500,000. The interest rate is 5.5% and the annual

 Question 10 10 pts Your Corporation issues an 8-year note payable

Question 10 10 pts Your Corporation issues an 8-year note payable on January 1, 2020 for $500,000. The interest rate is 5.5% and the annual payment of $78,932, due each December 31, includes both interest and principal. What is the net effect on the following items of the December 31, 2020 payment on the debt? Cash Flow from Cash Flow from Financing Activities Operating Activities No effect ($27,500) Cash Flow from Investing Activities ($51,432) O Cash Flow from Investing Activities Cash Flow from Cash Flow from Financing Activities Operating Activities ($51,432) No effect ($27,500) Cash Flow from Financing Activities Cash Flow from Investing Activities Cash Flow from Operating Activities ($27,500) ($51,432) No effect O Cash Flow from Investing Activities Cash Flow from Cash Flow from Financing Activities Operating Activities ($27,500) ($51,432) No effect O Cash Flow from Cash Flow from Financing Activities Operating Activities No effect ($51,432) Cash Flow from Investing Activities ($27,500)

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