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QUESTION 19 Innovate Company borrowed on a one year, 10%. $150,000 note on May 1, 2017 with interest and principal to be paid at maturity.

QUESTION 19 Innovate Company borrowed on a one year, 10%. $150,000 note on May 1, 2017 with interest and principal to be paid at maturity. How much interest should Innovate Company report on its income statement for the year ending December 31, 2017? O a $30.000 O b. 55.000 O c. $10,000 O d. $15,000

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