Answer the following for a company that borrows $300,000. The annual rate is 6%. How much interest revenue should be recorded over the next 12 months? 300.06 14,000 Suppose the note is dated August 1, 2021. Determine how much interest expense is recorded each year and how much cash is paid each year. 2021: 2022: 5 months 7 months Interest - 1500.5 Expense 1500 .7 -10500 1890 12 75008 Cash Paid 2 Suppose the is dated May 1, 2021. Determine how much interest expense is recorded each year and how much cash is paid each year. 2021: 2022: 18 months 4 months Interest 1800, 1500.8 Expense 1500.4 FILOSOO . ( = 12,000 Cash Paid