During 2018, the cash flows related to Global Data, Inc.'s lending and borrowing activities are summarized as follows: Cash lent to borrowers Payment to retire bonds payable Proceeds from borrowing at bank (note payable) Interest received from borrowers Interest payments made on bonds payable S S S A Moving to the next question prevents changes to this answer. S S If Global Data's income statement for 2018 reports interest expense of $25,200, then Interest Payable decreased by $15,800 O True O False 132,600 367,500 220,500 31,500 41,000

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