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18 (5 points) On January 1, 2020, Baltimore Company issued $150,000 face value, 6%, 5-year bonds at 102. Interest is paid annually on January 1.

18 (5 points) On January 1, 2020, Baltimore Company issued $150,000 face value, 6%, 5-year bonds at 102. Interest is paid annually on January 1. Baltimore uses the straight-line method for amortization. Use this information to determine the dollar value of the interest expense for the 2020 calendar year. Round your answer to the nearest whole number (no cents). Your Answer: Answer Question 15 (5 points) The following information is related to Towson Company's fiscal year 2020. Income Statement: Net Income Depreciation Expense $4,000,000 600,000 Loss on Sale of Plant Assets 35,000 Interest Expense 5,000 Balance Sheet - 12/31/17: Increase (Decrease) Accounts Payable decrease 30,000 Plant Assets - Purchased 250,000 Plant Assets Disposals (100,000) Additional Information: Common Stock exchanged for outstanding Long Term Notes Payable of $125,000 Dividends paid were $30,000 Use this information to determine Towson Company's Net Cash Flows from Operating Activities. If the amount is an outflow then enclose the amount with dollar sign inside of brackets ( ). Your

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