Question: q , Jane's Donut Co . borrowed $ 2 0 8 , 0 0 0 on January 1 , 2 0 2 1 , and

q, Jane's Donut Co. borrowed $208,000 on January 1,2021, and signed a two-year note bearing interest at 10%. Interest is payable in full at maturity on January 1,2023. In connection with this note, Jane's should report interest expense at December 31,2021, in the amount of:
A. $20,800.
B. $44,096.
C. $41,600.
D. $0.
q , Jane's Donut Co . borrowed $ 2 0 8 , 0 0 0 on

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