Indicate whether each of the following statements is true or false. _____ a) An eight-month, 6% note for $10,000 will require the issuer to pay $600 in interest. _____ b) Interest expense is considered an operating expense on the income statement. _____ c) Payment of interest is considered an operating activity on the statement of cash flows. _____ d) Payment of interest on a one-year note due on March 1 will include a reduction in liabilities. _____ e) The adjusting entry to recognize interest expense is an asset use transaction.