Required Show the effect of each of the following independent accounting events on the financial statements using a horizontal statements model like the following one. Use + for increase, - for decrease, and leave the cell blank if there is no effect. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (A) and a financing activity (FA). If an element is not affected by the event, leave the cell blank. The first event is recorded as an example. a. Issued a bond at face value. b. Borrowed funds using a line of credit. c. Made an interest payment for funds that had been borrowed against a line of credit. d. Made a cash payment on a note payable for both interest and principal. e. Made an interest payment on a bond that had been issued at face value. (Not all cells will require entry.)