On May 1 Year I, DTI Company issued a 550,000 five value long term note to National Bank. The note had a 7 ani interest rate and a 5 year tom. The loan aprenent called for 10 semi-a interest payments to be made on November and May 1M respectively over the next years. Additionally, there will be a lump sum repayment of the entire face value (550,000) at the end of 7 years, Based on the above, what will be the amount of interest expenseshown on the Year income statement? Multiple Choice 52002 $3.500 51.458 OS S1