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Multiple Choice Question 239 Blossom Company borrowed $1300000 from BankTwo on January 1, 2019 in order to expand its mining capabilities. The 5-year note required

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Multiple Choice Question 239 Blossom Company borrowed $1300000 from BankTwo on January 1, 2019 in order to expand its mining capabilities. The 5-year note required annual payments of $338567 and carried an annual interest rate of 9.5%. What is the amount of expense Blossom must recognize on its 2020 income statement? O $103069 O $91334. 580695. O $123500

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