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John Deere is an American manufacturer of agricultural, construction, and forestry machinery, On July 1, 2019, John Deere signed a $100,000, one-year, 6% note payable. The principal and interest will be paid on June 30, 2020 How much interest expense should be reported on the income statement for the year ended December 31, 20197 Multiple Choice 53.000 SO $6.000 $1.500