On january 1, 2018, the merit group issued to its bank a $39 million, five-year installment note to be paid in five equal payments at the end of each year. installment payments of $9.258 million annually include interest at the rate of 6.0%. what would be the amount(s) related to the note that merit would report in its statement of cash flows for the year ended december 31, 2018? (list each cash flow separately. list any cash outflows with a minus sign. enter your answers in millions rounded to 2 decimal places (i. e., 5,500,000 should be entered as 5.

James jones is the owner of a small retail business operated as a sole proprietorship. during 2017, his business recorded the following items of income and expense: revenue from inventory sales $ 147,000 cost of goods sold 33,500 business license tax 2,400 rent on retail space 42,000 supplies 15,000 wages paid to employees 22,000 payroll taxes 1,700 utilities 3,600 compute taxable income attributable to the sole proprietorship by completing schedule c to be included in james’s 2017 form 1040. compute self-employment tax payable on the earnings of james’s sole proprietorship by completing a 2017 schedule se, form 1040. assume your answers to parts a and b are the same for 2018. further assume that james's business is not a service business, and that it has $155,000 unadjusted basis in tangible depreciable property. calculate james's 2018 section 199a deduction.