Interest on a Bank Loan Dorsal Company borrowed $100,000 from Kindly National Bank on a three-year note payable. The agreement requires no payment by Dorsal until the note matures. At that time, Dorsal must pay the

$100,000 principal of the note and interest of $33,100. The interest payment is computed on the basis of 10 percent interest on the unpaid balance at the start of each year. What amount of interest expense should Dorsal Company report in its income statement for each of the three years?