36. Carlita began 2014 with an interest payable account balance of $13,000. During 2014, it paid $5,000 in interest to its lenders. On December 31, 2014, what is its interest payable account balance? $15,000 $10,000 $13,000 Cannot be calculated Carlita Company Income Statement for Year Ending December 31,2014 Sales.. Less: Cost of Goods Sold.. Gross Margin..... Less: Operating Expenses. Operating Income.. Less: Interest Expense. Income Before Taxes.. Less: Tax Expense... Net Income...... $120,000 90,000 $30,000 10,000 $20,000 2,000 $18,000 6,000 $12,000