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Question 35 (3 points) Dubon City has $50,000 in interest payable reported in the governmental activities column of the government-wide statement of net position

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Question 35 (3 points) Dubon City has $50,000 in interest payable reported in the governmental activities column of the government-wide statement of net position as of December 30, 2021. By December 31, 2022, this interest payable should be $35,000. What adjustment should be made to interest expenditures to arrive at interest expense as should be reported in the government-wide statement of activities? Increase interest expenditures by $35,000 Decrease interest expenditures by $35,000 Decrease interest expenditures by $15,000 Increase interest expenditures by $15,000 None of the above

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