Seattle Company Issued a $72,000 face value discount note payable to First Federal Bank on September 1, Year 1 . The note had a 8% discount rate and a one-year term. What Is the amount of Interest expense appearing on the Year 1 Income statement? Multiple Choice $1,920 $5,760 $3,840 $11,520 What is the amount of principal repayment Included in the payment made on December 31 , Year 1 ? Multiple Choice $14,080 $40,925 $37,651 $26,845 Based on this information, the amount of Interest expense Barton would recognize in February is Multiple Cholce $1,500 $1,800 $150. $125