Question: McIlroy Inc. borrowed $ 2 0 0 , 0 0 0 on April 1 , 2 0 2 4 , and signed a two -

McIlroy Inc. borrowed $200,000 on April 1,2024, and signed a two-year note bearing interest at 8% per year. Interest is payable in full at maturity on January 1,2026. In connection with this note, the company should report interest payable on December 31,2024, in the amount of _________________________.

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