Sonic Mart borrows $100,000 on July 1 with a short-term loan that has an annual interest rate of 5% which is payable in three months. What will Sonic Mart need to accrue on August 31 , assuming that no accrual has yet been made? Select one: a. \$1,250; Decrease flabilities, decrease cash b. 55,000 ; Decrease liabilities and decrease cash c. 51,250 ; increase liabilities, decrease retained earnings d. 5 833; Increase liabilities, increase expenses e. 5 833. increase income