Fifteen transactions or events affecting Philmar, Inc., are as follow a. Made a year-end adjusting entry to accrue interest on a note payable that a note payable that has the interest ra stated separately from the principal amount. b. A liability classified for several years as long term becomes due within c. Recorded the regular weekly payroll, ncluding payroll taxes, amounts the next 12 months withheld from employ ees, and the issuance of paychecks. d. Earned an amount previously recorded as unearned revenue. e. Made arrangements to extend a bank loan 6 t. Made a monthly payment on a fully amortizing installment note payable. (Assume this due in 60 days for another 3 note classified as a current liability.) Called bonds payable due in 10 years at a price below the carrying value of the liability n ho g. accounting records. h. Issued bonds payable at 101 on January 31,2018. The bonds pay interest on January 31 and July 31 i. Recorded July 31, 2018, interest expense and made semiannual interest payment on bonds referred to in part h. j. Recorded necessary adjusting entry on December 31, 2018, for bonds referred to in part h k. Issued bonds payable at 98 on August 31, 2018. The bonds pay interest August 31 and February2X Recorded the necessary adjusting entry on December 31, 2018, for bonds referred to in partk. m. Recorded an estimated liability for warranty claims. n. Entered into a five-year commitment to buy all supplies from a particular supplier a o. Received notice that a lawsuit has been filed against the company for $8 million. I a price 20 percent below market. amout company's liability, if any, cannot be reasonably estimated at this time. Instructions Indicate the effects of each of these transactions upon the following elements o financial statements. Organize your answer in tabular form, using the column headings eleme the company tollowing code letters to indicate the effects of each transaction on the ad listed in the column headings: I for increase, D for decrease, and NB accounting elements ncome Statement Balance Sheet Transaction Revenue Expenses Expenses Net Income Assets CurrentLong-Term Curlt Liabilities Libilities