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 If Global Data's income statement for 2018 reports interest expense of $25,200, then Interest Payable decreased by $15,800. True False $ SA SA $ $ EA SA SA $ $ 132,600 367,500 220,500 31,500 41,000

During 2018 , the cash flows telated to Global Data, Ine. s lcnding and beerowing activities are samuarixed as followa: Cash lent to boricwern Paysent to fetire bonds payable Procteds from borrowing at bank (pote payable) Tenerest received from borrowers Interest payments made on bonds payable True salse