|https:// UDU mework (L09-1.9-6, 13-1, 13-2)6 2 Bill operation year of 1. Earned $16,200 of cash revenue. 2 Borrowed $12,000 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 t had a one-year term and an 8 percent annual interest rate. Required ear b. What is the amount of interest expense in Year 1? c. What is the amount of interest paid in Year 1? d. Use a horizontal statements model to show how each Flows column, classi that have no effect on any of the element fy the cash flows as o https:/ Help Save&ExitSubmit 2 the ev al model to show how each e OA