On November 1, Year 1 Claire Company borrowed $5,000 cash from Shelter Company. The one-year note carried a 5% rate of interest. Which of the following shows how the loan will affect Claire's financial statements on November 1, Year 1? Income Statement A. Balance Sheet Stockholders' Assets = Liabilities Equity 5,000 n/a 5,000 5,000 n/a 5,000 (5,000) (5,000) n/a 5,000 5,000 n/a B. C. D. Revenue 5,000 5,000 n/a n/a Expense n/a n/a n/a n/a Net Income 5,000 5,000 n/a n/a rom Shelter Company. The one-year note carried a 5% rate of aire's financial statements on November 1, Year 1? Income Statement Revenue 5,000 5,000 n/a n/a Expense n/a n/a n/a n/a Net Income 5,000 5,000 n/a n/a Statement of Cash Flows 5,000 FA 5,000 IA (5,000) IA 5,000 FA