During 2018, the cash flows related to Global Data, Inc.'s lending and borrowing activities are summarized as follows:

Cash lent to borrowers	$	132,600
Payment to retire bonds payable	$	367,500
Proceeds from borrowing at bank (note payable)	$	220,500
Interest received from borrowers	$	31,500
Interest payments made on bonds payable	$	42,000
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If Global Data's income statement for 2018 reports interest expense of $25,200, then: