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A company received a 4% loan from a bank on January 1,2021 of $51,000.Loan payments relating to both principal and interest (blended payments) of $11,456
A company received a 4% loan from a bank on January 1,2021 of $51,000.Loan payments relating to both principal and interest (blended payments) of $11,456 are made once a year at the end of the year.On Decemebr 31,2021,after making the payment, the company`s statemnt of financial position would show (please round the interest expense to the nearest dollar in your calculations):
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