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XYZ borrows $80.000 from Local Bank on October 1, 2020 at an interest rate of 34. The loan matures on March 1, 2021. at which

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XYZ borrows $80.000 from Local Bank on October 1, 2020 at an interest rate of 34. The loan matures on March 1, 2021. at which point, all amounts are due to Local Bank How much should X2 record as interest expense for the year given a December 31, 2030 year-end? 5400 51.600 3800 5600

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