On January 1, Year 1, Niagara Corporation arranges a $6,000 line of credit with Centennial Bank. It accepted the bank's offer of 1% above the prime rate with interest payments on December 31 of each year. All borrowings and repayments are to take place on January 1 of each year.Niagara begins its loan transactions with Centennial Bank by borrowing $2,000 on January 1, Year 1. Which of the following shows the effect of this event on the financial statements? 
Definitions:
Hemophilia Type A
A genetic disorder caused by missing or defective factor VIII, a clotting protein. This condition leads to excessive bleeding and bruising.
Infectious Agents
Organisms such as viruses, bacteria, fungi, and parasites that can cause disease in their host.
DNA Sequence
The precise order of nucleotides within a DNA molecule, determining the genetic information carried by an organism.
Mutation
A change in the DNA sequence, which can result in new traits or variations within a population and contribute to the evolution of species.
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