Marquis Smith started II Consulting Services Incorporated on January 1, Year 1. I he company experienced the tollowing events during its first year of operation: 1. On June 1. Year 1, the company borrowed $24,000 cash from the bank. The note had a one-year term and 6% annual interest rate 2. On December 31, Year 1, the company adjusted the accounting records to recognize accrued interest expense on the bank note. 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), irvesting activities (IA), or financing activities (FA). Note: Enter any decreoses to occount balonces and cosh outflows with a minus sign. Leave cells blank if no input is needed