Answer:
b. $0, and $360
Explanation:
It is zero in the first year because it is due by the end of the year So the decrease in interest payable in operating activities would be $ 0 . It accrues but is not paid.
Balance of interest paid at the end of the year 1 would be zero
During the second it maybe paid and interest on it would be $ 360 so decrease in interest payable in operating activities would be $ 360.
Balance of interest paid at the end of the year 2 would be $ 360
