Can I get some help with this equation, thank you!

Bill Darby started Darby Company on January 1. Year 1. The company experienced the following events during its first year of operation: 1. Earned $1,600 of cash revenue. 2. Borrowed $2,200 cash from the bank, 3. Adjusted the accounting records to recognize accrued interest expense on the bank note. The note, issued on September 1, Year 1. had a one-year term and on 7 percent annual interest rate. Required a. What is the amount of Interest expense in Year 1? b. What amount of cash was paid for interest in Year 1? c. 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 (1) or decreases (D)or if there is no effect, leave the cell blank in the Cash Flows column, designate the cash flows as operating activities (OA). Investing activitles (IA), or financing activities (FA). The first transaction has been recorded as an example, Complete this question by entering your answers in the tabs below. Reg A and B Rec What is the amount of Interest expense and the cash paid for interest in Year 17 (Do not round Intermediate calitations and round your final answer to nearest whole dollar amount) Interest expense 6. Amount of cash Regc > 4. required a. What is the amount of interest expense In Year 1? b. What amount of cash was paid for interest in Year 1? c. Use a horizontal statements model to show how each event affects the balance sheet income statement and statement of an flows. Indicate whether the event increases or decreases (D), or if there is no effect, leave the cell blank in the Cash Flows has been recorded as an example column, designate the cash flows an operating activities (OA). Investing activities (A), or financing activities (FA) The first anotion Complete this question by entering your answers in the tabs below. A and fo U horontal statements model to show how each event affects the balance shent, income statement, and statement of cow the decreases (O), or if there is no effect, leave the call bank. In the Cash Flows column, designate the cash flow rating at TOALA acties (A) The First transaction has been recorded as an example (Not all cate will require entry) DARDY COMPANY Horizontal Statement Model for Year Income La sicheruity Common No Expenses troom Cash Payti 1 OM 1 2 3 (RA and