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Question 21 10 pts Your Company borrowed $80,000 on August 1, 2019 from the National Bank for an 18-month term. Your Company agreed to pay

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Question 21 10 pts Your Company borrowed $80,000 on August 1, 2019 from the National Bank for an 18-month term. Your Company agreed to pay interest annually at the rate of 3.5% per year. What is the amount of interest expense appearing on the 2019 income statement? (Round to nearest dollar if you need to.) $2,800. $ 1,633. O $ 233. O $1,167. $1,500

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