Madison Company is a land management company that generates most of its revenues through leasing land. The company experienced the following events during Year 2: 1. Madison Company issued $800,000 of 10-year, 6 percent bonds on January 1, Year 2. The bonds were issued at face value. Interest is payable in cash on December 31 of each year. 2. Madison Company immediately invested all the proceeds from the bond issue in land. 3. The land was immediately leased for an annual $110,000 of cash revenue, which was collected on December 31 of each year, beginning December 31, Year 2. 4. Madison Company paid the interest on the bond on December 31, Year 2. Required: Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). The following horizontal model shows the company's beginning balances prior to the events. Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed.