3 of 4 Required information (The following information applies to the questions displayed below) On April 15, 2019, Powell Inc, obtained a six-month working capital loan from its bank. The face amount of the note signed by the treasurer was $350,100. The interest rate charged by the bank was 6.00%. The bank made the loan on a discount basis 01:49:54 b. Calculate the amount of Interest expense applicable to this loan during the fiscal year ended June 30, 2019. Interest expense eBook