TB MC Qu. 10-38 (Static) on January 1, Year 1, Platte... On January 1. Yenr 1, Plotte Corporation issues a 5-year note payable for $5,000. The interest rate is 5% and the annual payment of S1,156, due each December 31, includes both interest and principal Which of the following correctly shows the effect of the issuance of the note on Platte's financial statements? Balance Sheet Income Statement Stockholders Assets - Liabilities + . Equity Revenue n/a Expense Net Income Statement of Cash Flows 5.000 5,000 B. n/a 5,000 n/a 5.000 5,000 5,000 FA 5,000 C. (5,000) n/a (5,000) 5,000 n/a 5,000 TA 5.000 5,000 n/a n/a (5,000) TA n/a 5,000 FA 5,000 D. a/a n/a n/A n/a Multiple Choice Option A Option B Option C Option D