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1) On May 1,2021 Spacely Sprockets borrows $150,000 with a 6% annual interest rate. Spacely will repay the loan on May 1, 2022 along with

1) On May 1,2021 Spacely Sprockets borrows $150,000 with a 6% annual interest rate. Spacely will repay the loan on May 1, 2022 along with the interest. For what amount will Spacely show for interest expense in 2021

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