(b) (1 Point) Considering the previous information, compare…
(b) (1 Point) Considering the previous information, compare interest expense reported in 2025 under the straight-line method to the amount that would have been reported in 2025 under the effective-interest method. Fill in the blank below with: ‘greater than’, ‘less than’, or ‘same as’. Interest expense reported in 2025 under the straight-line method is the amount that would have been reported if the effective-interest method had been used.