Required information [The following information applles to the questions displayed below] On August 1, 2022, Colombo Company's treasurer signed a note promising to pay $122,400 on December 31, 2022. The proceeds of the note were $114,600. 1. Use the horizontal model to show the effects of signing the note and the receipt of the cash proceeds on August 1. 2022. Indicate the financial statement effect. 2. Use the horizontal model to show the effects of recording interest expense for the month of September. Indicate the financial statement effect. 3. Use the horizontal model to show the effects of repaying the note on December 31, 2022. Indicate the financial statement effect Use the horvontal modei to show the effects of wigning the note and the recelic of the cash procetds on Auguit 1 , 202z indicate the finssoul stabemeit effect. Use the thomsontal madel ts show twe effects of recording interest espence for the month of Sestember, thiscate the financial statement affec Uso the hocirontal model to show the effects of repaying the note on December 31, 2022. Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect