On February 28, 20x0, you borrow $561937 from a bank. The interest of 8% is payable annually each March 31. The company has a December 31 year-end. The principal will be repaid in two payments of $280968.5 on February 28, 20x1 and February 28, 20x2. What is the interest expense on the loan at December 31, 20x0? Select one: O a. $ 37462 Ob $ 280968 OCS 22477 d. $ 7492