West County Bank agrees to lend Crane Company $544000 on January 1. Crane Company signs a $544000, 6%, 6-month note. What is the adjusting entry required if Crane Company prepares financial statements on March 30? 8160 Interest Payable Interest Expense 8160 16320 Interest Expense Interest Payable 16320 16320 Interest Expense Cash 16320 8160 Interest Expense Interest Payable 8160