Question 37 De of the current yea NSC borrows $35,000 from the bank note The note matures on January 1 the following year, in which principa are AS has a year end of December 31. How would NS Co. report the note y and any related interest on its December 31 financial statements? Income Statement: Interest Expense $3,150 Income Statement: Interest Expense S1,575 No. SLSTS Income Statement: Interest Expense 538,150 Income Statement: Interest Expense $35,000 Interest Payable $1,575 Nae Peable 536.375 Balance Sheet Note Payable 53,150 Income Statement: Interest Expense $3,150 Quiz Inst D Question 1 Fermer les selling a trust and has the following information on the dateof disposal: balcost of the $45,000 Pood from sal (selling price): $15,000 Accumulated depreciation $32,000 What is the amount of the pain or loss from the sale of the truck? O,000 par $1.000 por $10.000 loss $17.000 loss $28.000 gain