I was wondering how to show interest and wanted to make sure if it's only on the income statement/balance sheet/statement of cash flows and not the horizontal model. Or if I am to compute the math and still show it on the horizontal statement model too?

The following transactions apply to Syndergaard Co. for 2018, its first year of operations. 1 Issued 2 Loaned $1,200,000 of common stock for cash $125,000 to Horne Co. on September 1, 2018. The note had a one-year term to maturity and an 3% interest rate. 3 Recorded the accrued interest income on December 31, 2018 (see item 2) 4 Provided 5 Paid 6 Uncollectible accounts expense is estimated to be 7 Collected $770,000 cash from accounts receivable. 8 Paid a $980,000 $370,000 of services on account. of salaries expense for the year. 5.0% of service revenue on account. $28,000 dividend to the stockholders. REQUIRED Show the effects of the above transactions in a horizontal statements model. Prepare the income statement, balance sheet, and statement of cash flows for 2018 a. b