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On duly 4, 2019, Ashford Hospital signed a 5100,000 , one-year, 6% note payoble. The principol and interest wit be poid on June 30, 2020.

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On duly 4, 2019, Ashford Hospital signed a 5100,000 , one-year, 6% note payoble. The principol and interest wit be poid on June 30, 2020. How much interest expense should be reported on the income statement for the year ended December 31, 2019? Mumiphe choice $3,000 51,500 $6,000 $0

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