A business issued a 90-day, 9% note for $25,000 to a creditor on account. Illustrate the effects on the accounts and financial statements of recording (a) the issuance of the note and (b) the payment of the note at maturity, including interest. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. a. Illustrate the effects on the accounts and financial statements of recording the issuance of the note. Statement of Cash Flows Balance Sheet Income Assets Liabilities + Stockholders' Equity Statement No effect Accounts payable Notes payable + No effect Statement of Cash Flows No effect Income Statement No effect b. Illustrate the effects on the accounts and financial statements of recording the payment of the note at maturity, including interest. Assume a 360-day year. If required, round interest expense to the nearest whole number. Statement of Cash Flows Balance Sheet Income Assets = Liabilities + Stockholders' Equity Statement Cash Notes payable + Retained earnings