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Need help with this problem thanks. Rainey Enterprises loaned $40,000 to Small Co. on June 1, Year 1, for one year at 6 percent interest

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Rainey Enterprises loaned $40,000 to Small Co. on June 1, Year 1, for one year at 6 percent interest Required transactions in a horizontal statments. In the Statement of Cash Flows column, Indicate whiether the item is an operating activity (OA), an investing activity (A), or a financing activity (FA). The letters NA Indicate that an element is not affected by the event. (Do not round intermediate calculations and round final answers decreases to account balances and cash outflows with a minus sign.) to nearest dollar amount. Enter any (1) The loan to Small Co. (2) The adjustment at December 31. Year 1 (3) The adjustment and collection of the note on June 1, Year 2 int int ences RAINEY ENTERPRISES Horizontal Statements Model -Equity Income Statement Statement of Cash Flow Date Interest CashNotes Revenue -ExpenseNet Income 1 6/1/Year 1 2 12/31/Year 2 (40,000 40,000 (40,000) 1,633 1,633 1,633 OA 3 6/1/Year 2 40,000 2,800 (40,000) 40,000A 6/1/Year 2 6/1/Year 2 (1,633 1,167 1.167 1,633 OA

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