Wheaton Rubber Co. (WR), uses IFS, is a supplier of tire rubber and among its customers is Tyre Distributors Corp. WR had successfully re-financed a bank note and the re-financing was considered a major restructure. WR provides you with the details concerning the re-financed loan: - Date of restructure- January 1, 2021 - Market Interest rate - 4% - Coupon rate of new note - 3% - Interest payable on new note every December 31. - Note payable- new $515,000 (discounted using market rate) - Note payable-new $500,000 (discounted using 4.5% coupon rate on old note) Maturity value of new note $600,000 WR would like to know what the journal entry would be to record the interest payment on December 31, 2021. Select one: a. (dr) interest expense $20,000; (cr) cash $18,000; (cr) note payable $2,000. O b. (dr) interest expense $18,000; (cr) cash $18,000. C. (dr)interest expense $15,450; (dr) note payable $2,550; (cr) cash $18,000. O d. (dr) interest expense $20,600; (cr) cash $18,000; (cr) note payable $2,600. O e. None of the above.