new tech Corporation borrow $20,000 from the bank on March 1st 2017. Then no. A 9% annual interest rate in a one year turn to assurity. the company paid the principal and the interest in cash on the maturity date. what amount of interest expense new tech Corporation showing its 2017-2018 income statements?

QUESTION 1 New-Tech Corporation borrowed $20,000 from the bank on March 1, 2017. The note carried a 9% annual interest rate and a 1-year term to maturity. The company paid the principal and the interest in cash on the maturity date. What amount of interest expense will New-Tech Corporation show on its 2017 and 2018 income statements? 1, 2017 $1,800 $300 $450 $1.350 a A QUESTION 2