On August $1,$ Year $1$ Gomez Company borrowed $$66000$ cash. The one$-$year note carried a $5\%$ rate of interest. Which of the following shows how the December $31,$ Year $1$ recognition of accrued interest will effect Gomezs ledger accounts?A$)$ Interest payable $(1375),$ Retained earnings $(1375)$B$)$ Cash $(1925),$ Retained earnings $(1925)$C$)$ Interest payable $(3300),$ Retained earnings $(3300)$D$)$ Interest payable $+3300,$ Retained earnings $(3300)$