Isenberg, Inc. borrowed $200, 000 from the bank on October 1, 2013. The principal ($200, 000) plus interest at 8% annually is due April 30, 2014. Isenberg prepares annual financial statements at December 31. How much interest expense should Isenberg recognize on its 2013 income statement? A. $16,000 B. $8,000 C. $12,000 D. $4,000 E. $2,000 At 1/1/2013, Celentano Corporation has assets of $530, 000 and liabilities of $340, 000. Celentano also has Contributed Capital of $20, 000. What is the 1/1/2013 balance in Retained Earnings? A. $190, 000 B. $170, 000 C. $210, 000 D. $510, 000 Where does the Accumulated Depreciation account appear in the financial statements? A. As a decrease to assets B. As an increase to assets C. As an increase to liabilities D. As an expense E. As a revenue