Marquis Smith started Ir Consulting Services incorporated on January 1, Year 1, The company experienced the toilowing events dunnd ins firstyear of operation: 2. On December 3i, Yeac 1, the comparry adjusted the accounting records to recognize accrued interest expense on the bank pote Required: Use a thoizonfal financlai statements model to show how each event affects the balance sheet, income statement, and statement of cash fows. More specifically, record the amounts of the events into the model. Also, in the Statemient of Casti Flows column, ciassity the cash flows as operating activities (OA) investing activities (A), or financing activites (FA) Note: Enter ony decreases to account belances ond cosh outlows with a minus sign. Leave cells bionk if no input is needied, Marquis Smith started Ir Consulting Services incorporated on January 1, Year 1, The company experienced the toilowing events dunnd ins firstyear of operation: 2. On December 3i, Yeac 1, the comparry adjusted the accounting records to recognize accrued interest expense on the bank pote Required: Use a thoizonfal financlai statements model to show how each event affects the balance sheet, income statement, and statement of cash fows. More specifically, record the amounts of the events into the model. Also, in the Statemient of Casti Flows column, ciassity the cash flows as operating activities (OA) investing activities (A), or financing activites (FA) Note: Enter ony decreases to account belances ond cosh outlows with a minus sign. Leave cells bionk if no input is needied