00 of common stock when the company was started. In addition, Malco borrowed $55.000 from a local bank on July 1. Year 1. The note had a 5 percent annual interest rate and a one-year term to maturity. Malco Enterprises recognized $93,400 of revenue on account in Year 1 and $104,200 of revenue on account in Year 2. Cash collections of accounts receivable were $80,300 in Year 1 and $90,500 in Year 2. Malco paid $56,100 of other operating expenses in Year 1 and $64,000 of other operating expenses in Year 2. Malco repaid the loan and interest at the maturity date. Required Based on this information given above, record the events in the accounting equation and answer the following questions. (Enter any decreases to account balances with a minus sign.) MALCO ENTERPRISES Effect of Events on the Financial Statements Balance Sheet Events Assets Accounts Receivable Cash Liabilities Notes Interes Payable Payabl Year 1 1. Com. Stock 2. Loan 3. Rev. 4. Coll. AR 5. Op. Exp. 6. Int. Acc. 0 + 0 = 0 0 0 0 End. Bal. Year 2 Beg. Bai. 1. Rev. 2. Coll. AR 3. Op. Exp. 4. Int. Acc. 5. Pay Int. & Prin