Question: Browney Corp. signed a $ 1 7 0 , 0 0 0 note payable on May 1 , 2 0 2 2 . The note

Browney Corp. signed a $170,000 note payable on May 1,2022. The note had a 7 percent stated rate of interest and a one-year term. What is the Interest expense recorded for 2023?(round answers to the nearest whole number).
3,967
11,900
4,958
7,933
Browney Corp. signed a $ 1 7 0 , 0 0 0 note

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