27. A firm has debt outstanding of $900,000. The annual interest rate on the debt is 9% and the interest payments are due on May 31 and November 30 every year. On the balance sheet prepared on December 31, what is the amount of accrued interest the firm should record? A. $6,000 B. $6,750 C. $13,500 D. $20,250 28. A firm uses straight-line depreciation for reporting to shareholders and uses accelerated depreciation for tax purpose. The revenue of the firm in 2018 is $200,000. The total expenses reported to IRS are $130,000, and the total expenses reported to shareholders are $100,000. If the tax rate is 35%. What is the deferred tax liability in 2018? A. $0 B. $5,000 C. $10,500 D. $15,500