Aili Darby sarted Darby Company on January 2. Wear 1 . The company experienced the following events duting its first yeat of uperation: 1. Earred $16.200 of castr revenise. 2. Alorroved $12,000 cash from the banki 3. Adjusted the accounting reconds to recognize acciued interest expense on the bank note. The note, issued on September 1 , Year had a one ycar term and an 8 percent annual interest rate. Required a. What is the amount of interest payoble at December 31, Year 1 ? b. What is the amount of interest expense in Yeat 1 ? c. What is the amount of interest paid in Year 1? d. Use a hortontal statements model to show how each event atfects the balance sheet, income statement, and statement of cash flows, The first transaction has been recorded as an example. Complete this question by entering your answers in the tabs below. a. What is the anount of interest payable at Deceniber 31 , Year 17 (Do not round intermediate calculabois.) b. What is the amount of interest expense in Year 1 ? c. What is the amount of interest paid in Year 17 Complete this question by entering raer aaswers in the tabs below