Wisconsin Bank lends Local Furniture Company $220,000 on November 1. Local Furniture Company signs a $220,000, 6%, 5-month note. The fiscal year end of Local Furniture Company is December 31. The journal entry made by Local Furniture Company on December 31 is:

		debit Interest Expense and credit Interest Payable for $2,200
		debit Interest Payable and credit Cash for $1,100
		debit Interest Expense and credit Cash for $1,100
		debit Interest Expense and credit Interest Payable for $5,500