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38.Incurred interest expense is $55,000. The balance of interest payable at the beginning and end of the period was $1,000 and $3,000, respectively. The interest

38.Incurred interest expense is $55,000. The balance of interest payable at the beginning and end of the period was $1,000 and $3,000, respectively. The interest payment was: to. $51,000. b. $59,000. c. $53,000. d. $57,000.

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