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During the past few years, Gm9-r4T Company has taken out the following loans from the bank: 1. On September 1, 2046, Gm9-r4T Company borrowed $24,120

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During the past few years, Gm9-r4T Company has taken out the following loans from the bank: 1. On September 1, 2046, Gm9-r4T Company borrowed $24,120 on a 10%, 9-month note payable 2. On June 1, 2047, Gm9-r4T Company borrowed $44,600 on a 6%, 8-month note payable 3. On August 1, 2047, Gm9-r4T Company borrowed $30,800 on a 9%, 4-month note payable Calculate the total amount of interest expense related to these three loans that Gm9-n4T Company would report in its 2047 income statement

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