1. On 5/1/2021, Flower Inc. lent $200,000 to another firm for one year. The interest rate is 7.2%. Flower Inc. will collect interest twice, on 11/1/2021 and 5/1/2022. The principal will be collected on 5/1/2022. Adjusting entries are made on December 31 each year
   1. Make all entries for Flower Inc in 2021 and 2022. Total of 5 entries (though you could combine the two entries for 5/1/2022 into one entry)
   2. For each entry, record the effects on total assets, liabilities, equity, revenues, expenses, and net income? Give both direction and amount
   3. For the effects, report the combined effects of all the journal entries over the two years.