Your Company borrowed $45,000 on September 1, 2019 from the National Bank. The company agreed to pay interest annually at the rate of 4% per year. Your Company will repay the principal and ALL the interest at the end of 12 months on August 31, 2020. How much interest must be recorded for 2020? $ 150 $ 900 $1,200 O $ 600 $1,800