Bill Darby started Darby Company on January 1, Year 1. The company experlenced the following events during its first yeor of operation: 1. Earned $16,200 of cash revenue. 2. Borrowed $12,000 cash from the bank had a one-year term and an 8 percent annual interest rate a. What is the amount of interest payable at b. What is the amount of i c. What is the amount of interest paid in Year 1? d. Use a h flows. Indicate whether e Cash Flows column, designate the cash flows as operating activities (OA), Investing activities (IA), financing affected (NA). The first transaction has been recorded as an example. December 31, Year 1? t expense in Year 1? s model to show how each dvent affects the balance sheet, income statement, and statement of cash the event increases (), decreases (D), or does not affect (NA) each element of the financial statements. In the activities (FA), or not Complete this question by entering your answers in the tabs below. Req A to C Req D What is the amount of interest payable at December 31, Year 1? (Do not round intermediate What is the amount of interest expense in Year 1 What is the amount of interest paid in Year 1? ons.) expense Req D >