West County Bank agrees to lend Ivanhoe Company $320000 on January 1. Ivanhoe Company signs a $320000, 4%, 6-month note. The adjustment required if Ivanhoe Company prepares financial statements on March 31 includes a(n) O Increase to Interest Expense and to Interest Payable for $3200. O Increase to Interest Expense and to Interest Payable for $6400. O Decrease to Interest Payable and to Interest Expense for $3200 O Decrease to Interest Expense and to Cash for $6400.

West County Bank agrees to lend Ivanhoe Company \\( \\$ 320000 \\) on January 1 . Ivanhoe Company signs a \\( \\$ 320000 \\), \4-month note. The adjustment required if Ivanhoe Company prepares financial statements on March 31 includes \\( a(n) \\) Increase to Interest Expense and to Interest Payable for \\( \\$ 3200 \\). Increase to Interest Expense and to Interest Payable for \\( \\$ 6400 \\). Decrease to Interest Payable and to Interest Expense for \\( \\$ 3200 \\) Decrease to Interest Expense and to Cash for \\( \\$ 6400 \\)