Question: 3 i Saved Help Save & Exit Submit 21 Jane's Donut Co. borrowed $207,000 on January 1, 2021, and signed a two-year note bearing

3 i Saved Help Save & Exit Submit 21 Jane's Donut Co. borrowed $207,000 on January 1, 2021, and signed a two-year note bearing interest at 12%. Interest is payable in full at maturity on January 1, 2023. In connection with this note, Jane's should report interest expense at December 31, 2021, in the amount of D:51:37 Multiple Choice $0. $52,661 $24,840. $49,680.

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