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Bayside began 2 0 1 4 with an interest - payable account balance of $ 1 3 , 0 0 0 . On December 3

Bayside began 2014 with an interest-payable account balance of $13,000. On December 31,2014, its interest payable account balance is $11,000. How much interest was paid during 2014?
A
$4000
B
$5000
C
$2000
D
$3000Income Statement for Year Ending
December 31,2014
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