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Husemann Co.'s assets include notes receivable from customers. During fiscal 2016, the amount of notes receivable averaged $46,900, and the interest rate of the notes

Husemann Co.'s assets include notes receivable from customers. During fiscal 2016, the amount of notes receivable averaged $46,900, and the interest rate of the notes averaged 8.4%.

a-1. Calculate the amount of interest income earned by Husemann Co. during fiscal 2016.

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