JMH Inc. borrowed $300,000 cash from a bank on January 1, 2020. The debt must be repaid in 5 years and interest is paid each January 1 at a 6% annual rate. JMH prepares its financial statements as of and for the year ended December 31, 2020. Which of the following is true? O A. On January 1, 2021, JMH will debit Interest Expense for $18,000 and credit Cash for $18,000. O B. For 2021, JMH will record an $18,000 cash outflow for interest in the financing activities section of the statement of cash flows. OC. For 2021, JMH will record $18,000 of interest expense as part of operating income. D. On December 31, 2020, JMH will debit Interest Expense for $18,000 and credit Interest Payable for $18,000