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Jane's Donut Co. borrowed $206,000 on January 1, 2021, and signed a two-year note bearing interest at 13%. Interest is payable in full at maturity

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Jane's Donut Co. borrowed $206,000 on January 1, 2021, and signed a two-year note bearing interest at 13%. Interest is payable in full at maturity on January 1, 2023. In connection with this note, Jane's should report interest expense at December 31, 2021, in the amount of: Multiple Choice $53,560. O O $0. O $56,774. $26,780. a

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