Use the following information to answer questions 9 and 10: Churchill Company borrowed $42,000 on October 1, 2018. Churchill will not make any payments until October 1, 2022, when it will pay $46,000. How much will Churchill show as interest expense on its annual income statement as of December 31, 2020? $1,000 $4,000 $2,250 $1,750 None of the above Question 10 1 pts Using the information from question 9, how much will Churchill show as interest payable on its balance sheet as of December 31, 2020? $1,750 $4,000 $1,000 $2,250 None of the above