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a. Determine the financial statement effect of the above transactions. Round interest calculations to the nearest dollar. b. Determine the financial statement effect of the interest to be accrued on December 31, Logan Company's year-end. Round answer to the nearest dollar. TIP: If a category is not affected by the transaction, enter 0 or leave the field blank. If the transaction affects two accounts in the same category, enter the positive amount in the first row. Use a 360-day year in interest calculations. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Transaction } & \multicolumn{5}{|c|}{ Balance Sheet } & \multicolumn{5}{|c|}{ Income Statement } \\ \hline & Assets & = & Liabilities & + & \begin{tabular}{c} Stockholders' \\ Equity \end{tabular} & Revenue & - & Expenses & = & \begin{tabular}{c} Net \\ Income \end{tabular} \\ \hline \multicolumn{11}{|l|}{ a. } \\ \hline \multirow[t]{2}{*}{ April 8} & 0 & = & 0 & + & 0 & 0 & - & 0 & = & 0 \\ \hline & 0 & = & 0 & + & 0 & 0 & . & 0 & = & 0 \\ \hline May 15 & 0 & = & 0 & + & 0 & 0 & . & 0 & = & 0 \\ \hline June 22 & 0 & = & 0 & + & 0 & 0 & - & 0 & = & 0 \\ \hline July 6 & 0 & = & 0 & + & 0 & 0 & - & 0 & = & 0 \\ \hline July 14 & 0 & = & 0 & + & 0 & 0 & - & 0 & = & 0 \\ \hline October 2 & 0 & = & 0 & + & 0 & 0 & - & 0 & = & 0 \\ \hline October 4 & 0 & = & 0 & + & 0 & 0 & - & 0 & = & 0 \\ \hline . & 0 & = & 0 & + & 0 & 0 & - & 0 & = & 0 \\ \hline \multicolumn{11}{|l|}{ b. } \\ \hline December 31 & 0 & = & 0 & + & 0 & 0 & - & 0 & = & 0 \\ \hline \end{tabular} Check

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