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Abardeen Corporation borrowed $56,000 from the bank on October 1 . Year 1 . The note had an 6 percent annual rote of interest and

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Abardeen Corporation borrowed $56,000 from the bank on October 1 . Year 1 . The note had an 6 percent annual rote of interest and matured on March 31, Year 2 Interest and principal were paid in cashi on the maturity date. Required a. What amount of cash did Abaideen pay for interest in Year i? b. What amount of interest expense was recognized on the Year 1 income statement? (Do not round intermediote calculotions. Round your answer to the nearest dollar omount). c. What amount of total liabilities was reported on the December 31. Year 1, balance shee? (Do not round intermediote calculations. Round your answer to the neorest doliar omount.) d. What total amount of cash was paid to the bank on March 31 , Vear? 2 for principal and interest? e. What amount of interest expense was teported on the Year 2 inicome statement? (Do not round intermediote colculations. Round your answer to the nearest dollar amount.)

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