statementeffect 3. Use the horizontal model to show the effects of repaying the note on December 31,2022 Indicate the financial statement effect: Complete this question by entering your answers in the tabs below. Use the hortzonkal model to show the effects of signing the note and the receipt of the cash proceeds on August 1, 2022. Indicate the finarial statement effect. statement effect. 3. Use the horizontal model to show the effects of repaying the note on December 31, 2022. Indicate the financial statement effect. Complete this question by entering your answers in the tabs below. Use the horizontal model to show the effects of reconding interest expense for the month of September. Indicate the financial statement elfect. Complete this question by entering your answers in the tabs below. Usal the horizontal model to show the effects of repaying the note on December 31,2022 . Indicate the financial statement effect. Required informotion [The following information applies to the questions displayed below] On August 1,2022. Colombo Company's treasurer signed a note promising to pay $121,500 an December 31,2022 . The proceeds of the note were $114,900. c. 1. Use the horizontal modet to show the effects of signing the note and the receipt of the cash proceeds on August 1 . 2022 . Indicate the financial statement effect. 2. Use the horizontal model to show the effects of recording interest expense for the month of September. Indicate the financial statement effect. 3. Use the hortzontat model to show the effects of repaying the note on December 31,2022 indicate the financial statenent effect. Complete this question by entering your answers in the tabs below