Duke Enterprises reports an increase in Accounts Receivable of $30.000, a decrease in Accounts Payable of $10,500 and a decrease in inventory of $40,000 for the current year. Accounts Payable relates solely to the purchase of merchandise. Sales on account were $550,000 and cost of goods sold was $375,000. The total cash paid to suppliers for the period was: Answer: 5 Question 31 Jack. Frost Inc. issues a $951,000,10%4 year notes payable on January 1,2018 . The note will be repaid in four annual instaliments of $300,000, each payable at the end of the year (i.e. $300,000 at the end of 2018,$300,000 at the end of 2019,$300,000 at the end of 2020 , and $300,000 at the end of 2021). What is the amount of interest expense that should be recorded by Jack Frost inc. in the second year (i.e. on the income statement for the year ended December 31, 2019)? (Round to the nearest dollar). Answer: $