Bill Darby started Darby Company on January 1, 2016. The company experienced the following events during its first year of operation: 1. Earned $1,300 of cash revenue. 2. Borrowed $2,600 cash from the bank. 3. Adjusted the accounting records to recognize accrued interest expense on the bank note. The note, issued on September 1, 2016, had a one-year term and a 9 percent annual interest rate.

a. What is the amount of interest payable at December 31, 2016? Round answer to the nearest dollar amount.

Interest payable

b. What is the amount of interest expense in 2016? Round answer to nearest dollar amount

Interest payable

c. What is the amount of interest paid in 2016?

Amount of cash paid

d. use a horizontal statements model to show how each event affects the balance sheet, income statement and statement of cash flows. Indicate whether the event increases(I), decreases (D), or does not affect each element of the financial statements, In the Cash Flows column, designate the cash flows as operating activities (OA), investing activities (IA), or financing activities(FA). The first transaction has been recorded as an example. ( Leave no cells blank)

P.S I did not mean to put that table below this, I was not sure how to get rid of it.