Marquis Smith started IT Consulting Services lincorporated on Jarvary 1. Year 1. The company experienced the foliowing events during its firstyear of operation: 1. On June 1, Year 1, the company borrowed $21800 cash from the bank. The note had id onevear term and 6% annual interest rate 2. On December 31, Year 1 , the compary adjusted the accounting records to recognize accrued interest expense on the bank note Required: Use a borizontai financial statements model to show how each cvent affects the balance sheet, income statement, and statement of cash flows. More specifically, fecord the amounts of the events into the model Notel in the Cash Flow column, use OA to designete operating activity, IA for Investment activity, FA for finaricing activity, and NC for net change in cash. Enter any decreoses to account belances and cash outflows with a minus sign, Not all cells require an input-leave cells blank if there is no corresponding input needed