ent CALCULATOR FULL SCREEN PRINTER VERSION 4 BACK NEXT Question 5 Waterway Industries borrowed $900000 from Liber Bank on January 1, 2019 in order to expand its mining capabilities. The five-year note required annual payments of $243000 and carried an annual interest rate of 8.5%. What is the amount of expense Waterway must recognize on its 2020 income statement? $48518 $62348 O $55866 $76500 SAVE FOR LATER SUBMIT ANSWER Question Attempts: 0 of 1 used