pt.php?attempt-1972728cmid=113689 s of Accounting - II [The following information applies to the questions displayed below] On December 1, Year 1, Bradley Corporation incurs a 15-year $200,000 mortgage liability in conjunction with the acquisition of an office building. This mortgage is payable in monthly installments of $2,400, which include interest computed at the rate of 12% per year. The first monthly payment is made on December 31, Year 1. How much of the first payment made on December 31, Year 1, represents interest expense? Select one: a.$2,304 b.$2,400 c.$ 400 d.$2,000 Nest page