On November 1, 2024, Aviation Training Corporation borrows $60,000 cash from Community Savings and Loan. Aviation Training signs a three-month, 7% note payable. Interest is payable at maturity. Aviations year-end is December 31. Required: How will the issuance of the note on November 1, 2024, affect the financial statements? How will accrued interest on December 31, 2024, affect the financial statements? How will the payment of the note and interest at maturity affect the financial statements?