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On January 1, 2021, Bonita Limited issues a $39365, 7% 3-year note payable. The note calls for three annual payments of $15000, blended principal and

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On January 1, 2021, Bonita Limited issues a $39365, 7% 3-year note payable. The note calls for three annual payments of $15000, blended principal and interest. The first payment is to be made on December 31, 2021. On December 31, 2022, Bonita will report interest expense of $2756. $2100. $1898. O $15000

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