please help me with this question.

Bill Darby started Darby Company on January 1. Year 1. The company experlenced the following events during its first year of operation: 1. Earned $1,700 of cash revenue. 2. Borrowed $2,300 cash from the bank. 3. Adjusted the accounting records to recognize accrued interest expense on the bank note. The note, Issued on September 1, Year 1. had a one-year term and an 6 percent annual interest rate. Required 0. What is the amount of interest expense in Year 1 ? b. What amount of cash was pald for interest in Year 1 ? c. Use a horizontal statements model to show how each event affects the balance sheet, Income statement, and statement of cash flows. Indicate whether the event increases (I) or decreases (D). or if there is no effect. leave the cell blank. In the Cash Flows column, designate the cash flows as operating activities (OA), investing activities (A), or financing activities (FA). The first transaction hos been recorded as an example. Complete this question by entering your answers in the tabs below. What is the amount of interest expense and the cash paid for interest in Year 1 ? (Do not round intermediate calculations and round your final answer to nearest whole dollar amount.) Bil Darby started Darby Company on January 1, Year 1. The company expentenced the following events duing its first year of operatiort. 1. Earned- 51,700 of cash revenue. 2. Borrowed $2,300 cash from the bank 3. Adjusted the accounting records to recogntze accrued interest expense on the bank nore. The note, ssued on Septembec t. Year 1 . had a one-year term and on 6 percent annual interest rate. Required 0. What is the amount of interest expense in Year 1 ? b. What amoum of cosh was paid for interest in Year t? c. Use a horzontal statements model to show how each event affects the balance theet. income statement, and statement of cash fows. indicate whether the event increases (0 or decreases (D), or if there is no effect leave the cell blank. In the Cash Flows column, designate the cash fiows as operating octivites (OA), investing octivittes ( A), or financing octivities (FA), The first transaction has been recorded as an example. Complete this question by entering your answers in the tabs below. Use a hocizental statements model to chow how each event affects the bolance sheet, income statement, and statement of cash flows. Indicate whether the event increases (I) or decreases (D), or I there is no effect, leave the cel blank. In the Cash Flows column, designate the cash fiows as operating activities (oA), investing activities (ta), or financing nctivities (Fa). The first transaction has been recorded as an example. (Not all cell: will require entryi)