A company has $1,000,000 in variable rate debt, with interest due on December 31 of each year. Interest is set at the Treasury bili rate pius 1.2%. The principal of the loan is due December 31, 2025. On January 1, 2024, the company enters a two-year recelve variable/pay fixed interest rate swap, at a fixed rate of 2.2%. The swap is settled at the end of each year. The Treasury bill rate for 2024 is 0.8%, and it is 0.7% in 2025 . The company records the swap at the expected future receipts/payments, equal to the receipt/payment for the current year, discounted at the variable rate. The value of the swap on January 1, 2024 is a liability of $3,883. At the end of the year, with the change in interest rate, the value of the swap is $2.994 liability. The swap gualifies as a cash flow hedge of the variable interest payments, and income effects of the debt and the swap are reported in interest expense. At the end of 2024 , the company adjusts the swap to its current value. The effect on other comprehensive income is a a) credit of 5883 b. credit of 556 C. debit of 51.061 d. debit of 53,000