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Vivian Inc. took out a 1-year, 12%, $300,000 loan on March 31, 2018. Interest is due upon maturity of the loan. The loan and interest

Vivian Inc. took out a 1-year, 12%, $300,000 loan on March 31, 2018. Interest is due upon maturity of the loan. The loan and interest will be paid back on March 31, 2019. As of December 31, 2018, what amount, if any, should Vivian Inc. report for interest payable?

The answer is: $27,000 but I'm unsure how to solve the problem and get that answer!

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