Required information [The following information applies to the questions displayed below.] Zinke Company borrowed $116,000 from Plains Bank on July 31, Year 1 . The note carried a 6% interest rate with a one-year term to maturity. equired: ) Show the effects of borrowing the money and then the adjustment required at the end of Year 1 on the accounting equation. lote: Negative amounts should be entered with a minus sign. Required: b) What is the amount of interest expense for Year 1 ? Required: c) How does this transaction affect the statement of cash flows for the Zinke Company for Year 1