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Your Company borrowed $30,000 on March 1, 2021 from the National Bank for an 18-month term. Your Company agreed to pay interest annually at the

Your Company borrowed $30,000 on March 1, 2021 from the National Bank for an 18-month term. Your Company agreed to pay interest annually at the rate of 4.5% per year. What is the amount of interest expense appearing on the 2022 income statement? (Round to nearest dollar if you need to.)

Group of answer choices

$225.

$113.

$1,125.

$675.

$1,350.

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