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Rainey Enterprises loaned $25,000 to Small Co. on June 1. 2018, for one year at 6 percent interest Required Show the effects of the following transactions in a horizontal statements. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). For any element not affected by the event, leave the cell blank (Not every cell will require entry. Do not round intermediate calculations. Enter any decreases to account balances and cas outflows with a minus sign.) (1) The loan to Small Co. (2) The adjusting entry at December 31, 2018 (3) The adjusting entry and collection of the note on June 1, 2019. RAINEY ENTERPRISES Horizontal Statements Model = Equity Income Statement Interest Retained Revenue - Expense - Net Income Receivable Earnings Date Assets Notes Decevable Statement of Cash Flow Cash 1 6/1/18 2 12/31/18 6/1/19 6/1/19 6/1/19 On May 1, 2018, Benz's Sandwich Shop loaned $20,000 to Mark Henry for one year at 6 percent interest. Required a. What is Benz's interest income for 2018? (Round your answer to the nearest dollar amount.) Interest income b. What is Benz's total amount of receivables at December 31, 2018? (Round your answer to the nearest dollar amount.) Receivables c. How will the loan and interest be reported on Benz's 2018 statement of cash flows? d. What is Benz's interest income for 2019? (Round your answers to the nearest dollar amount.) Interest income e. What is the total amount of cash that Benz's will collect in 2019 from Mark Henry? (Round your answer to the nearest dollar amount.) Cash f. How will the loan and interest be reported on Benz's 2019 statement of cash flows? (Round your answer to the nearest dollar amount.) g. What is the total amount of interest that Benz's earned on the loan to Mark Henry? (Round your answer to the nearest dollar amount.) Interest eamed