A Company issued a two-year, 9%, $24,000 note on June 1, 2019. Interest expense for the year ended December 31, 2019 was: * $1,260 $1,080 $2,160 O $90 O None of the above ARC Company purchased equipment on October 1, 2019 with an annual depreciation expense of $7,200. As a result, the adjusted trial balance at December 31, 2019 showed a balance of $1,800 under the Accumulated Depreciation account of the equipment. The company prepares its financial statements annually. The adjusted balance of the Accumulated Depreciation account of the equipment in the adjusted trial balance of the year 2020 will be: $1,800 O $4,500 $5,400 $9,000 None of the above