Please! help me with this question A partlal amortization schedule for a 10-year note payable that Mabry Company ISsued on January 1, Year 1, Is shown as follows.AccountingPrincipalBalance January 1CashApplied toPeriodPayment$27,174Applied toPrincipal$15,174Year 1$200,000InterestYear 2$12,000184,826168,742Year a27,17411,09016,08427,17410,12517,049Requireda. What rate of Interest Is Mabry Company paying on the note?b. Using a financlal statements model like the one shown, record the approprlate amounts for the following two events:(1) January 1, Year 1, Issue of the note payable.(2) December 31, Year 1, payment on the note payable.c. If the company eamed $62,000 cash revenue and pald $45,000 In cash expenses In addition to the Interest In Year 1, what Is theamount of each of the following?(1) Net Income for Year 1.(2) Cash flow from operatlng activitles for Year 1.(3) Cash flow from financing activitles for Year 1.d. What Is the amount of Interest expense on this loan for Year 4?Complete this question by entering your answers in the tabs below.Required ARequired BRequired CRequired Dwhat rate of interest is Mabry Company paying on the note?Rate of interestRequired B >< Prev7 of 20Next > 000 cash revenue and pald $45,000 in cash expenses In additon to the Interest In Year 1, whamount of each of the following?(1) Net Income for Year 1.2) Cash flow from operating activities for Year 1.(3) Cash flovw from financing activities for Year 1d. What Is the amount of Interest expense on this loan for Year 4?Complete this question by entering your answers in the tabs below.Required ARequired BRequired CRequired DUsing a financial statements model like the one shown, record the appropriate amounts for the following two events: (Entaccount balances and cash outflows with a minus sign. In the Cash Flows column, designate the cash flows as operating ainvesting activities (IA), financing activities (FA), or if there is no effect, leave the cell blank. Not all cells will require entry.(1) January 1, Year 1, issue of the note payable.(2) December 31, Year 1, payment on the note payable.MABRY COMPANYHorizontal Statements ModelBalance SheetIncome StatementStatement ofEventNo.Stockholder'sCash FlowsAssetsLiabilitiesRevenueExpenseNet IncomeEquity1.2.< Prev7 of 20Next >

Net income refers to the total amount of gross income of an entity earned before deducting any taxes…

A partlal amortization schedule for a 10-year note payable that Mabry Company Issued on January 1, Year 1, Is shown as follows. Accounting Principal Balance January 1 $200, 000 Cュコム Applied to Applied to Principal $15,174 16, 084 Period Payment $27,174 Interest Year 1 $12,000 Year 2 184,826 27,174 11,090 Year 3 168, 742 27,174 10,125 17,049 Requlred