Company BBB had three loans evidenced by notes payable with interest rate of 12%. The first was a 1-year loan due on October 31, 2021 for 500.000. The second was P1,500,000 6-month loan due on July 31, 2021. While the third was P800,000, 9-month loan due on January 31, 2022. Company BBB records the interest expense upon payment of the loan. If Company BBB paid the loans when they become due, by how much is the 2022 net income be affected? 2022 income is overstated by 72,000 2022 income is understated by 72,000 2022 income is understated by 64,000 2022 income is understated by 8,000