Question: I need help solving this general accounting question with the proper methodology. On January 1, 2020, Stellar Logistics had $300,000 in current assets and $250,000

I need help solving this general accounting question with the proper methodology.

On January 1, 2020, Stellar Logistics had $300,000 in current assets and $250,000 in current liabilities. On March 1, 2020, Stellar received $60,000 from an issue of promissory notes that will mature in 2023. The notes pay interest on April 1 at an annual rate of 5 percent. Stellar's fiscal year ends on December 31. What is the interest expense for December 31

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