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Question 11 10 pts Your Company borrowed $80,000 on March 1, 2019 from the National Bank for an 18-month term. Your Company agreed to pay

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Question 11 10 pts Your Company borrowed $80,000 on March 1, 2019 from the National Bank for an 18-month term. Your Company agreed to pay interest annually at the rate of 4.5% per year. What is the amount of interest expense appearing on the 2020 income statement? (Round to nearest dollar if you need to.) $ 600. $3,600. O $1,800. $ 300. $3,000

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