Nittany Company borrowed $75,000 from Lion Corporation on May 1, 2018 signing a 9-month payable with an interest rate of 4%. Nittany Co operates on a calendar year basis and is preparing its year-end financial statements. What amount of Interest Payable should Nittany Co. report from this note payable on its December 31, 2018 Balance Sheet? Group of answer choices $ 0 $1,750 $2,000 $3,000

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