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Given this information: 2012 2020 $4,000 $3,200 Cash 2012 2020 $2,000 $1,600 $6,000 $14,000 Accounts Payable Utilities Payable Accounts Receivable $2,000 $6,200 $1,000 Prepaid Rent

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Given this information: 2012 2020 $4,000 $3,200 Cash 2012 2020 $2,000 $1,600 $6,000 $14,000 Accounts Payable Utilities Payable Accounts Receivable $2,000 $6,200 $1,000 Prepaid Rent $3,600 $1,000 Inventory $6,200 $7,000 Building $30,000 $30,000 Accumulated Depreciation ($1,000) ($5,000) Land $10,000 $14.000 $56,800 $62,600 Unearned Revenue Notes Payable Interest Payable Common Stock Retained Earnings $20,000 $1,200 $18,000 $10,600 $56,800 $3,500 $24,000 $2,600 $18,000 $5,100 $62,600 How much was interest expense in 2020 if $4,000 was paid in interest? O $1,400 $5,400 O $2,600 O $4.000 O None of the above

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