Use the following information to answer questions 17 and 18. ACME Ltd. acquired a new machine on May 1, 2021 paying $200,000 cash and the rest with a 3-year, non- interest bearing note with a maturity value of $600,000 on April 30, 2024. The company can borrow money at an annual rate of 5%. 17 of 24 2 Marks The machine should be recorded at a cost of: O A 19800,000 O B. $600,000 O C. $890,000 O D. $718,400 Unsure The interest expense that should be reported on the statement of earnings for the fiscal year ending on April 30, 2022 equals O A. $25,920 O B. $30,000 O C. $35,920 OD Zero because the note payable is a non-interest bearing