a. What is the annual rote of interest charged on this loan? b. Using the horizontal financial statements model, record the appropriate amounts for the following two events: (0) January 1 , Year 1 , issue of the note payable. (2) December 31 , Year 1 , payment on the noto payable. Complete this question by entering your answers in the tabs below. Using the horizontal f pancial statements model, record the appropriate amaunts for the foliowing two events: (1) January 1, Year 1, issue of the note payable (2) December 31 , Yesr 1 , payment on the note payable. Note: In the Statement of Cash Fows column, Use OA to designate operating activity, IA for investment activity, and FA for financing activity. Enter ary decreases to acco and cash outhows with a minus sign. teave cells blank if no input is needed