On january 1, 8loomingdale, inc borrows 5184,000 from fint Estate Barik. The foan is due in wne year along with the interest. The company is preparing its guarterly repont for March 31. Which of the following best describes the necessary accoul for interest expense? Select one a. \$1,840 decrease llathities, decrease cash b. 57,360 increase expenses, decrease cash c. $7,360 decrease liabilities, decrease cash d. 51, .40 increase labilities, increase expenses e. $7,360 increase liabilities, decrease expenses