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Ana's Donut Co. borrowed $200,000 on January 1, 2016, and signed a two-year note bearing interest at 12%. Interest is payable in full at maturity

Ana's Donut Co. borrowed $200,000 on January 1, 2016, and signed a two-year note bearing interest at 12%. Interest is payable in full at maturity on January 1, 2018. In connection with this note, what should Ana's report interest expense at December 31, 2016? clear and detail steps please

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