Question 9 On January 1, 2020, Ann Price loaned $177950 to Joe Kiger. A zero-interest-bearing note (face amount, $250000) was exchanged solely for cash; no other rights or privileges were exchanged. The note is to be repaid on December 31, 2022. The prevailing rate of interest for a loan of this type is 12%. The present value of $250000 at 12% for three years is $177950. What amount of interest income should Ms. Price recognize in 2020? $90000. $71350. $21354. $30000