content area top Part 1 LMILMI Company is 80% owned by FabioFabio. On January 1 of the current year, LMILMI makes a loan of $ 49 comma 900$49,900 to FabioFabio. The loan carries an interest rate of 33%. The prescribed rate of interest at the time of the loan is 44%. The loan requires that FabioFabio make annual payments of $ 19 comma 960$19,960, starting in the following taxation year, until the balance is repaid. How much will FabioFabio recognize in Net Income for Tax purposes related to the loan in the current year