Required information [The following information applies to the questions displayed below.) On April 15, 2019, Powell Inc. obtained a six-month working capital loan from its bank. The face amount of the note signed by the treasurer was $440,900. The interest rate charged by the bank was 9.25%. The bank made the loan on a discount basis. a-2. Use the horizontal model to show the effect of signing the note and the receipt of the cash proceeds on April 15, 2019. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Balance Sheet Liabilities Income Statement Revenues Assets + Stockholders' Equity Net Income Expenses