Notes Payable On August 1, 2019, Propharma Inc. borrowed $30,000 from HSBC Bank by issuing a 8-month, 7% note. At maturity, Propharma Inc. paid the amount in full to HSBC Bank. Propharma Inc. prepared its financial statements annually on December 31 What is the amount of interest expense that should be recorded on December 31, 2019? $875 O $1,050 $700 None of the options What is the amount of interest expense that should be recorded on maturity date? $350 $525 O $700 None of the options What is the total amount to be paid on maturity date? $31.400 $32.100 $90.000 None of the options