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Abardeen Corporavon borrowed $56.000 from the bank on October 1, Year 1 . The note had an 6 percent annual rate of interest and matured

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Abardeen Corporavon borrowed $56.000 from the bank on October 1, Year 1 . The note had an 6 percent annual rate of interest and matured on March 31, Year 2. Interest and principal were paid in cash on the moturity date. Required a. What amount of cash did Abardeen pay for interest in Year i? b. What amount of interest expense was recognized on the Year 1 income statement? (Do not round intermediate calculations. Round your answer to the nearest dellar amount) c. What amount of total tubbilities was reponted on the December 31, Year 1, balance sheet? (Do not round intermediate calculations. Round your answer to the hearest dotthr amount.) d. What total amount of cath was paid to the bank on March 3t: Year 2, for principal and interest? e. What omount of interest expense wos reported on the Yeor 2 inceme statement? foo not round intermediate calculations. Found your answor to the nearest dollar amount

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