On January 1, 2014, Hays Corporation arranged a $3,000 line of credit with the Barnett Bank It agreed to accept the bank s offer of 1% above the prime rate with Merest payment on December 31 of each year. All borrowings and payments on principal are to take place on January 1 of each year. On January 1, 2013. Hays borrowed an additional $500 from Barnett Bank, bonging the total amount borrowed to $2,000 On January 1, 2014. Hays paid $500 on the principal the loan On December 31, 2014. Hays records the 2014 Merest payment. The prime rate for 2014 was 5 percent. Which of the following answers shows the effect of the 2014 interest payment on the financial statement