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If interest received amounted to $45,700 for the year, and the interest receivable account began the year with a balance of $3,250 and ended the

If interest received amounted to $45,700 for the year, and the interest receivable account began the year with a balance of $3,250 and ended the year with a balance of $5,400, the interest revenue reported on the income statement for the year was_________.

$47,850

$48,950

$40,300

$43,550

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