Castaway Co. Balance Sheet Assets: 20X1 100,000 20X2 100,000 Cash 48,000 30,000 Accounts Receivable Inventory Prepaid Rent Equipment Accumulated Dep BV of Equipment Land 65,000 6,000 125,000 25,000 100,000 50,000 369,000 $ 50,000 12,000 300,000 35,000 265,000 20,000 477,000 $ Total Assets Liabilities: Accounts Payable 40,000 45,000 Insurance Payable O 250,000 5,000 200,000 Notes Payable Total Liabilities 290,000 250,000 OE: Stock 69,000 200,000 Retained Earnings 10,000 27,000 Total OE 79,000 227,000 Total Liabilities + OE 369,000 477,000 Castaway Co. Income Statement for 20x2 $ Revenues COGS 200,000 75,000 125,000 Gross Profit 5,000 6,000 5,000 Insurance Expense Rent Expense Supplies Expense Depreciation Expense Interest Expense 10,000 8,000 Net Income $ 91,000 What is cash paid for interest? Please use a positive number for your answer, even though it is cash paid