8. On April 1, 2009 Droscoe borrowed $25,000 from the bank by signing a 4-year interest-bearing note. The note has a stated rate of annual interest of 10% with interest payments due on April 1st of each year, beginning on April 1 of 2010 (which was paid on the due date). Using FSET What amount will be reported on the 2010 year-end financial statements for

i) Cash Paid for Interest: $_______________

ii) Interest Payable: $_______________

iii) Interest Expense: $_______________