If Global Data's Income Statement for 2018 Reports Interest Expense

Multiple Choice

If Global Data's income statement for 2018 reports interest expense of $25,200,then:

A) Interest payable decreased by $16,800 in 2018.
B) Interest payable increased by $16,800 in 2018.
C) Interest payable at the end of 2018 amounts to $16,800.
D) Either the amount reported in the income statement or the interest payment shown above must be incorrect.