on january 1, bloomingdale, inc. borrows $138,000 from first estate bank. the loan is due in one year along with 4% interest. the company is preparing its quarterly report for march 31. which of the following best describes the necessary accrual for interest expense? select one: a. $1,380 increase liabilities, increase expenses b. $5,520 decrease liabilities, decrease cash c. $5,520 increase expenses, decrease cash d. $5,520 increase liabilities, decrease expenses e. $1,380 decrease liabilities, decrease cash