Brief Exercise 9-24 (Static) Determine financial statement effects of installment notes (LO9-2) On January 1, 2024, Corvallis Carnivals borrows $30,000 to purchase a delivery truck by agreeing to a 5%, five-year loan with the bank. Payments of $566.14 are due at the end of each month, with the first installment due on January 31, 2024. Determine the financial statement effects of the issuance of the installment note and the first monthly payment. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the financial statement effects of the issuance of the installment note. Revenues 0 Interest Expense 0 Income Statement Expenses Net Income Balance Sheet Stockholders' Assets Liabilities + Equity Required 1 Required 2 >