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Plumeria Partners borrowed $600,000 on November 1, 2024, and signed a 12-month note bearing interest at 8%. Interest is payable in full at maturity on

Plumeria Partners borrowed $600,000 on November 1, 2024, and signed a 12-month note bearing interest at 8%. Interest is payable in full at maturity on October 31, 2025. In connection with this note, Plumeria should report interest payable at December 31, 2024, in the amount of: $8,000. $4,000. $0. $48,000

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