end 31.10.2019 loan 20.000, interest rate sy. (1.8.2017) interest payable and 1.16-316) accrued ex 01718 ex Homework Questions (with solutions) Question 1 X Lisa's financial year ends on 31 October 2019. She took a business loan of $20,000 at the interest rate of 5% per annum on 1 August 2019. Interest is payable on 1 January and 1 July. How should the interest on the loan be reported in her financial statements? 20K**-- 1,000K 376 A. $250 interest expense in the Statement of Comprehensive Income and $250 Prepaid amount in the Statement of Financial Position B. $1,000 interest expense in the Statement of Comprehensive Income and $1,000 Prepaid amount in the Statement of Financial Position. C. $250 interest expense in the Statement of Comprehensive Income and $250 Accrued amount in the Statement of Financial Position. D. $1,000 interest expense in the Statement of Comprehensive Income and $1,000 Accrued amount in the Statement of Financial Position