On January 1, 2019, an individual (Lender) loaned a third party $25,000 at 5% annual interest. Lender incurred loan registration fees of $750. In 2021, Lender setup a reserve for unpaid interest of $3,000 as they did not receive any interest or principal repayments due to financial hardships of the third party. How much would Lender deduct in 2021? Multiple Choice $5,000 $3,150 $1,400 $1250