X Company, a merchandiser, prepares monthly financial statements. On April 30, its accountant made adjusting entries to record: . . . $5,850 of April interest on a bank loan to be paid in May $1,698 of wages that were earned by employees in April but to be paid in May $4,785 of rent and insurance for April that was prepaid on April 1 but had expired $3,964 of depreciation on factory equipment a $2,901 April utility bill received in April, to be paid in May . . What would be the effect of these entries on Net Income in April? A: $-2,995| OB: $-4,343|| OC: $-6,297 D: $-9,131|| OE: $-13,240|| OF: $-19,198 Ooo