10. Allen Inc. took out a 1-year, 8% , $100,000 loan on March 31, 2018. Interest is due upon maturity of the loan. The loan and interest must be paid back on March 31, 2019. As of December 31, 2018, what amount, if any, shouldAllen Inc. report for interest payable? A. $6,000. B. $2,000. C. $0. D. $8,000. 11-12. On January 1, 2015, Anodel Inc. acquired a machine for $1,600,000. The estimated useful life of the asset is 10 years. Residual value at the end of 10 years is estimated to be $50,000. Using straight line method, 1. Calculate the depreciation expense per year 2. Calculate the book value after 3 years