Which of the following best describes the impact of a gain in fair value of a note payable when applying the fair value option? O Net income is not impacted if the change in fair value is due to a change in the company's credit risk Net income is not impacted if the change in fair value is due to a general change in interest rates Increases in fair value are not reported, only losses are reported Since a note payable is a liability, the fair value option does not apply