QUESTION 29 2 poir Tucker, Inc. found they had to borrow cash from Mighty Bank in order to expand operations. On August 1, 2019, they borrowed $45,000, signing an 8% note. The principal is due to be paid back in 5 years. The loan was recorded as a debit to Cash and a credit to Loan Payable. How much interest expense should Tucker report at year-end December 31, 2019? O a $3,600 b. $3,000 O c. $15,000 O d.$1,500 QUESTION 30 2 pc Which of the following statements correctly describes the effect of recording the collection of a $10,000 account receivable for which a 2% sales discount was recorded at the time of collection? a. Net sales will increase $9,800 b. Accounts receivable will decrease $9,800 c. Gross profit will decrease $200 d. Current assets will remain the same