Question 3 Not yet answered Marked out of 1.00 P Question and the loan term is two years. During P Company owns 90% of Company and both companies have several outstanding loans. On 1/1/X1, Sloaned P5200,000. The loan interest rate of year X1, P made loan payments of $20,000 to S. On their respective 12/31/X1 Trial Balances, Parid 5 reported the following information Loans Payable 1/1/1) Interest Expense 300.000 $21,000 100.000 57.000 Based on the information above, the consolidated loan payable balance on 1/1/X is which of the following amounts? Select one a $200,000 $300,000 C5400.000 d. None of the Above