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Help Save & Exit Submit At January 1 2021. Dier Company was indebted to Fernandes Bank under 5700.000, 6% note. The note was signed January
Help Save & Exit Submit At January 1 2021. Dier Company was indebted to Fernandes Bank under 5700.000, 6% note. The note was signed January 1 2018, and was due December 31, 2022 Annual interest was last paid on December 31, 2019. Dier was experiencing severe financial difficulties and negotiated a restructuring of the terms of the debt agreement Fernandes Bank agreed to reduce last year's interest and the remaining two years interest payments to $34 182 40 each and delay all payments until December 31 2022. the maturity date. How much interest expense should Dier report approximately for 20222
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