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On september 1, Year 1. Able Company purchased a bulding trom Regal Corporation by poying 5200,000 cash and issutng a oneyear nose poyable for the

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On september 1, Year 1. Able Company purchased a bulding trom Regal Corporation by poying 5200,000 cash and issutng a oneyear nose poyable for the balance of the putchase price Imerest on the note as stated of on annual tase of 95 and 15 paid at maturty in 7 D December 31 , Year 1 bolance cheet, Able correctly presented the note and interest payoble as follows: What is the amount of the interest experse Able wat recognize on thos note in Year 2 ? Mutiple Chares 530000 5) 60 3)4.900 trenero

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