4 werd Marted out of 100 Question This question is based on the same information as the preceding question P Company owns go of Company On 1/1/X1, Sloaned P $200,000. The loan interest rate of 6 and the loan term is two years. During year X1,P made loan payments of $20,000 to 5. Pand reported the following information Payable (1 ) 100.000 Interest Expense for Year 1 21.000 7.000 How much consolidated interest expense will be recognized in your X17 Select one: a $28.000 b. 527.300 $21,000 d. $16.000