QUESTION 21 On February 1, 2024, Entity G borrowed $50,000 on a one-year, 9% note, interest and principal due at maturity. When the note matures on February 1, 2025, how much interest expense will Entity G recognize for 2025? $4,125. $4,500. $54,500. $375. QUESTION 22 Entity C sold a used heavy-duty, hot pressure washer for $1,500. The pressure washer cost $10,000 new and the related accumulated depreciation was $7,100. What is the amount of gain or loss on the sale? $1,400 loss $1,500 gain. $8,500 loss. $1,400 gain