On April 1, 2018, E Ltd. made a loan of $100,000 to Mr. Walker, a new employee of the corporation, to assist him in purchasing a residence when he moved from Quebec to commence employment in British Columbia. The loan bears interest at 2%, which is to be paid monthly. The principal of the loan is to be repaid in full on April 1, 2027. The prescribed interest rate on April 1, 2018 was 4%. Assuming that the prescribed interest rate throughout 2021 was 3% and only the interest owing on the loan is paid each month, what amount is the increase in Mr. Walker's employment income in 2021 due to the loan? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt A ... P 0 WORDS POWERED BY TINY