Marquis Smith started IT Consulting Services Incorporated on January 1, Year 1. The company experienced the following events during its first year of operation: 1. On June 1 , Year 1 , the company borrowed $21,400 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), investing activities (IA), or financing activities (FA). Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed