Rainey Enterprises loaned $$20,000$ to Small Company on June $1,$ Year $1,$ for one year at $6$ percent interest.

Required:

Show the effects of the following transactions in a horizontal statements model.

Note: Enter any decreases to account balances and cash outflows with a minus sign. For changes on the Statement of Cash

Flows, indicate whether the item is an operating activity $($OA$),$ investing activity $($IA$),$ or financing activity $($FA$).$ Not all cells require input. Do not round intermediate calculations. Round your final answers to the nearest whole dollar.

$(1)$ The loan to Small Company

$(2)$ The adjustment at December $31,$ Year $1.$

$(3)$ The adjustment and collection of the note on June $1,$ Year $2.$

$\backslash$table$[[$RAINEY ENTERPRISES$],[$Date$,$Balance Sheet,Income Statement,$\backslash$table$[[$Statement of Cash$],[$Flows$]]],[$Assets$,=,$Liabilities,$+,\backslash$table$[[\backslash$table$[[$Stockholders$\text{'}],[$Equity$]]],[$Retained$],[$Earnings$]]],[$Cash$,+,\backslash$table$[[$Notes$],[$Receivable$]],+,\backslash$table$[[$Interest$],[$Receivable$]],$Revenue,$-,$Expense,$=,$Net Income$],[1.\frac{6}{1}\frac{?}{?}$ Year $1,,+,-,+,,=,,+,,,-8,,=,,],[2.\frac{12}{31}\frac{?}{?}$ Year $1,,+,8,+,,=,,+,,,-3,,=,,],[3.6/1$ Year $2$ Adjustment,,$+,,+,,=,,+,,,-8,,=,,$C$],[3.6/1$ Year $2$ Note Collection,,$+,,+,,=,,+,,,-8,,=,,],[$mor$,,,,,,,,,,,,,,,]]$