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Required information Use the following information for the Quick Studies below. (Static) IThe following information applies to the questions displayed below/ On January 1. MM Company borrows $340.000 cosh from a bank and in return signs an 8% installment note for five annuid payments of $85,155 each. QS 10-15 (Static) Financial statement impact of note transactions LO C1 Analyze transactions involving issuance of the note and its first anrual payment, by showing their effects on the accounting equationspecifically, ldentify the occounts and amounts (including + or ) for each transaction. eturn signs an 8% installment note for five annual LO C1 by showing their effects on the accounting equationction