4 Rainey Enterprises loaned $45,000 to Small Company on June 1, Year 1, for one year at 8 percent interest. Required: ints eBook 01 Him 610 Print Help Save & Exit Submit Check my work Show the effects of the following transactions in a horizontal statements model. Note: Enter any decreases to account balances and cash outflows with a minus sign. For changes on the Statement of Cash Flows, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells require Input. Do not round intermediate calculations. Round your final answers to the nearest whole dollar. (1) The loan to Small Company (2) The adjustment at December 31, Year 1. (3) The adjustment and collection of the note on June 1, Year 2. RAINEY ENTERPRISES Horizontal Statements Model Balance Sheet Date Cash Assets Notes Receivable + Liabilities Interest Receivable Stockholders Equity Retained Eamings Income Statement Statement of Cash Flowe Revenue Expense Net Income References 1. 6/1/Year 1 2. 12/31/Year 1 3. 6/1/Year 2 Adjustment 3. 6/1/Year 2 Note Collection