Zirkle Company borrowed $102,000 from Plains Bank on July 31, Year 1. The note carried a 8% interest rate with a one-year term to maturity. Required: a. Show the effects of borrowing the money and the December 31, Year 1 adjustment on the accounting equation. b. What is the amount of interest expense for Year 1 ? c. Prepare a statement of cash flows for the Zirkle Company for Year 1. Complete this question by entering your answers in the tabs below. Show the effects of borrowing the money and the December 31 , Year 1 adjustment on the accounting equation. Note: Enter any decreases to account balances with a minus sign. Leave colls blank if no input in needed. Show the effects of borrowing the money and the December 31, Year 1 adjustment on the accounting equation. What is the amount of interest expense for Year 1 ? :. Prepare a statement of cash flows for the Zirkle Company for Year 1. Complete this question by entering your answers in the tabs below. What is the amount of interest expense for Year 1 ? Prepare a statement of cash flows for the Zirkle Company for Year 1. b. What is the amount of interest expense for Year 1 ? c. Prepare a statement of cash flows for the Zirkle Company for Year 1. Complete this question by entering your answers in the tabs below. Show the effects of borrowing the money and the December 31 , Year 1 adjustment on the accounting equation. Note: Enter any decreases to account balances with a minus sign. Leave cells blank if no input is needed