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Gunk Coreported an asset retirement obligation on its 2019 financial statements. The company estimates that it will need to spend 5421 to retire this asset

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Gunk Coreported an asset retirement obligation on its 2019 financial statements. The company estimates that it will need to spend 5421 to retire this asset at the end o 2030. The company's discount rate is 7.0% Record the Journal entry for the accretion expente related to the asset retirement obligation for Gunk in 2020. (Check all that apply) Dr Asset retirement obligation - 5140 Cr. Asset retirement obligation - 529.5 Dr Interest expense -- 515.5 Cr Asset retirement obligation 5140 Cr Interest payable --$14.0 Dr. Accretion expense - $29.5 Dr. Accretion expense $14.0

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