what have I missed

Note t: On April 1 of the current year, Warren Corporation received a $50,000,10 percent note from a ciastomer in settlement of a $50,000 open account receswable. According to the terms, the principal of the note and interest are payable at the end of 12 months. The annual accounting period for Warren ends on December 31 . Note 2: On August 1 of the current yeac, to meet a cash shortage, Waeren Corporation obtained a $50.000.12 percent lasn from a local bank. The pincipal of the note and interest expense are payable at the end of six months. Required For the relevant transaction dates of each note, indicate the anounts and the direction of effects on the elements of the balance shent and income statement, (Reminden Assets = Liabilities + Stockholders' Equaty; Revenues - Expences = Net income; and Net income accounts are closed to Pletained Earnings, a port of Stockholders' Cquiby) (Do not net the transaction effects. Indicate a decrease with a negative amount.)