usiness issued a 90-day, 9% note for $43,000 to a creditor on account. Illustrate the effects on the accounts and financial statements or recording (a) the issuance of the note and (b) the payment of the note maturity, including interest. If no account or activity is affected, select "No effect' from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. a. Illustrate the effects on the accounts and financial statements of recording the issuance of the note. Balance Sheet Statement of Stockholders Equity No effect Income Assets Liabilities Cash Flows Statement No effect Accounts payable + Notes payable + -43,000V 43,000 Statement of Cash Flows Income Statement No effect No effect b. strate the effects on the accounts and financial statements of recording the payment of the note at maturity, including interest. Assume a 360-day year. If required, round interest expense to the nearest whole number Balance Sheet Statement of Income Assets Liabilities Stockholders' Equity Cash Flows Statement Cash v Notes payable Retained earnings -43,000X 43,000 X Statement of Cash Flows Income Statement