TB MC Qu. 10-116 (Algo) On September 30, 2024, a company acquired... On September 30, 2024, a company acquired a patent. The agreement specified that the company will pay $1,050,000 immediately and then another $1,050,000 on September 30, 2026. An interest rate of 6% reflects the time value of money for this type of loan agreement. (PV of $1, PVA of $1) What amount of interest expense, if any, would the company record on December 31, 2026, the company's fiscal year end? Note: Round intermediate and final answer to nearest whole dollar amount. Multiple Choice O O O $44,576 $63,000 $47,250

TB MC Qu. 10-116 (Algo) On September 30, 2024, a company acquired... On September 30, 2024, a company acquired a patent. The agreement specified that the company will pay \\( \\$ 1,050,000 \\) immediately and then another \\( \\$ 1,050,000 \\) on September 30, 2026. An interest rate of \6 reflects the time value of money for this type of loan agreement. (PV of \\$1, PVA of \\$1) What amount of interest expense, if any, would the company record on December 31,2026 , the company's fiscal year end? Note: Round intermediate and final answer to nearest whole dollar amount. Multiple Choice \\( \\$ 44,576 \\) \\( \\$ 63,000 \\) \\( \\$ 47,250 \\)