The following transactions apply to Carter Co. for 2018, its first year of operations. a. b. 1 Issued 2 Loaned $600,000 $62,500 of common stock for cash. to CA Co. on September 1, 2018. The note had a one-year term to maturity and an 5% interest rate. All monies will be collected on Aug 31 2019 3 Recorded the accrued interest income on December 31, 2018 (see item 2). 4 Provided 5 Paid $490,000 $185,000 6 Uncollectible accounts expense 7 Collected 8 Paid a REQUIRED $385,000 $14,000 of services on account. of salaries expense for the year. is estimated to be cash from accounts receivable. dividend to the stockholders. 3.0% of service revenue on account Show the effects of the above transactions in a horizontal statements model. Prepare the income statement, balance sheet, and statement of cash flows for 2018.