3.85 pts Question 3 On November 1, 2021, Hipps Company borrowed $100,000 from City National Bank on a 6-month. 6% note payable. The entire principal and interest is due on April 30, 2022. If the company's year-end is December 31, 2021, what adjusting entry should Hipps Company make on December 31, 2021? Debit interest Expense 3,000, Credit Interest Payable 3,000, Debit Interest Expense 1.000: Credit Cash 1,000. Debit Interest Payable 1,000; Credit Interest Expense 1.000, Debit interest Expense 1.000; Credit Interest Payable 1,000