Reid & Wright Learning Center needed some long-term financing and arranged for a 10-year, $100,000, 7% mortgage loan on January 1, Year 1. Annual payments of $14,238 will be made on December 31 each year. Show the effect on the accounting equation of the second annual payment. Round to the nearest whole dollar. Assets Dec. 31, Year 2, made 2nd loan payment: IF THERE IS NO EFFECT, SELECT "O NO EFFECT." Assets Liabilities Shareholders' Equity $ 4 Liabilities A. (7,000) Interest Expense B. (7,745) Notes Payable C. (6,493) Cash D. (14,238) Cash E. 0 No Effect F. (14,238) Notes Payable G. (7,238) Notes Payable H. (10,000) Interest Expense 1. (7,745) Cash J. (6,493) Interest Expense K. (6.493) Notes Payable Shareholders' Equity $