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On October 1, 2022, ABC borrows $20,000 from the bank. The loan is to be repaid on March 31,2023. The annual interest rate on the

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On October 1, 2022, ABC borrows $20,000 from the bank. The loan is to be repaid on March 31,2023. The annual interest rate on the loan is 10%. All interest should be calculated monthly (not daily). Given this information, what is the total is the impact to the income statement for the year ended December 31,2023 ? If the impact is positive, please enter the amount as a positive number with no dollar signs or commas. For example, if the answer is $2,100, enter 2100 . If the number is negative, please enter -2100 On October 1, 2022, ABC borrows $20,000 from the bank. The loan is to be repaid on March 31,2023. The annual interest rate on the loan is 10%. All interest should be calculated monthly (not daily). Given this information, what is the total is the impact to the income statement for the year ended December 31,2023 ? If the impact is positive, please enter the amount as a positive number with no dollar signs or commas. For example, if the answer is $2,100, enter 2100 . If the number is negative, please enter -2100

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