Accompanying a bank statement for Nite Lighting Company is a credit memo for $124,490, representing the principal ($112,041) and interest ($12,449) on a note that had been collected by the bank. The company had been notified by the bank at the time of the collection but had made no recording. Record the financial statement effect for the adjustment that should be made by the company to bring the accounting records up to date. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Financial Statement Effects Assets Statement of Cash Flows Balance Sheet Liabilities Stockholders' Equity Income Statement