please answer both questions!!!

Fiat borrowed $80,000 on October 1, 2019. Fiat will not make any payments until October 1, 2021, and at that time, Fiat will pay $84,000. Which of the following correctly states the annual financial statements as of December 31, 2020? O A Interest payable of $2,500; interest expense of $2,500 O B Interest payable of $1,500; interest expense of $2,000 C Interest payable of $4,000; interest expense of $2,500 O D Interest payable of $2,500; interest expense of $2,000 Answered 1 attempt left Change your responses to resubmit Question 6 Homework answered Which of the following best describes a payable? A An amount that was paid before it was incurred. B An amount you are entitled to receive in the future. O C An amount that has been received before it was earned D An amount you owe but have not yet paid. 26%