Question 3 Unsaved Iber 1, 2019, Tar Heels Company purchased a building from Duke Corporation for $600,000 by paying $200,000 cash and issuing a one-year note payable for the balance of the purchase price. Interest on the note is stated at an annual rate of 6% and is paid at maturity. What is the amount of the interest expense Tar Heels should recognize on this note in 2019? O $24,000 O $1,000 O $2,000 O $36,000 O$0, all interest would be recognized in 2020 when the note is paid off