Chem Rainey Enterprises loaned $35,000 to Small Co. on June 1. Year 1, for one year at 6 percent interest Required Show the effects of the following transactions in a horizontal statements in the Cash Flow column, indicate whether the item is on operating activity (OA), an investing activity (IA), or a financing activity (FA). For any element not affected by the event, leave the cell blank. (Not every cell will require entry. Do not round intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Round your answers to the nearest whole dollar) (1) The loan to Small Co. (2) The adjusting entry at December 31, Year (3) The adjusting entry and collection of the note on June 1, Year 2 RAINEY ENTERPRISES Horizontal Statement Model Equity interest Liabilities Retained Recevable Carming Assets Notes Receivable Income Statement Expense - Net Income Stamentul ca Flow Date Revenue Cash 11 2 12311 38/42 (Adjusting entry 1742 Cotection of the not Next