Rainey Enterprises loaned $45,000 to Small Co on June 1, Year 1, for one year at 8 percent interest Required Show the effects of the following transactions in a horizontal statements model (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 Co. (2) The adjustment at December 31, Year 1. (3) The adjustment and collection of the note on June 1 Year 2 RAINEY ENTERPRISES Horizontal Statements Model Balance Sheet Assets Liabilities Date Cash Notes Receivable Interest Receivable Stockholders Equity Retained Earnings Income Statement Revenue Expense Net locom 1 6/1/Year 1 2 12/31/Year 1 3 6/1/Year 2 Adjustment 6/1/Year 2 Note Collection + Statement of Cashi This Che