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Required The folowing information applies to the questions displayed below On January t Year 1,...

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Accounting

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Required The folowing information applies to the questions displayed below On January t Year 1, Mahoney Company borrowed $182,000 cash from Sun Bank by issuing a 5-year, 8% term note. The principal and interest are repaid by making annual payments beginning on December 31, Year 1. The annual payment orn the loan equals $41075 Part 2 of 2 What is the amount of principal repayment included in the payment made on December 31, Year 17 $14,560 $41075

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