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Jane's Donut Co. borrowed $205,000 on January 1, 2018, and signed a two-year note bearing interest at 12% Interest is payable in full at maturity

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Jane's Donut Co. borrowed $205,000 on January 1, 2018, and signed a two-year note bearing interest at 12% Interest is payable in full at maturity on January 1, 2020. In connection with this note, Jane's should report interest expense at December 31, 2018, in the amount of: Multiple Choice $0 $52,152 $24,600 $49,200

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