On Seotember 1, Year 1, Able Company purchased a buscing from Regal Corporation ty paying $340,000 cash and issuing a one year note poyable for the balance of the purchase price. Imerest on the note is stated at an anmual rate of 128 and is Dakd at maturify in is December 31 , Vear 1, balance sheet Able correcty presented the note and inserest payable as follows Intecest payable Notes paysble, 12\%, due septenber 1, Year 2 $13,200$330,000 How much must Able poy Regal Corporation on September 1, Yes 2 , when the nele matures? Mirpie Crace: 3130000 1670000 5309600