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Mark's on the Park (NOPy is a highly successful restaurant known for their weekend brunch....

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Accounting

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Mark's on the Park (NOPy is a highly successful restaurant known for their weekend brunch. Given the success of the restaurant one of Mark's friends, Mr. Lowe, asked for some financial help to open a similar resalaurant in a nearby town. The following events relate to the ioan from MOP to Mr. Lowe: 1. On March 1, Year 1, MOP loaned Mr. Lowe $66,600 for one year at 5 percent interest. 2. On December 31, Year 1, MOP recognized accrued interest on the loan. 3. On March 1, Year 2, NOP recognized accrued interest. 4. On March 1, Year 2, MOP recognized the collection of the note induding all interest. Requlfed: Use a horizontal financial statements model to show how each event affocts the balance sheet, income statement, and statement of cash fiows. More-specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column. classify the cash flows as operating activitues (OA), investing activities (AA) or financing activities (FA). Note: Enter any decreases to account balances and cash outhows with a minus sign. Leave cells blank if no input is needed

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