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is Ready Required information [The following information applies to the questions displayed below.) A partial amortization schedule for a 5-year note payable that Mabry Company

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is Ready Required information [The following information applies to the questions displayed below.) A partial amortization schedule for a 5-year note payable that Mabry Company issued on January 1, 2018, is shown as follows hecounting Period 2018 2019 2020 Principal Balance January 1 $115,000 96,534 76,037 Cash Payment $31,116 31,116 31,116 Applied to Interest $12,650 10.619 8,364 Applied to Principal $18.466 20.497 22,752 d. What is the amount of interest expense on this loan for 2021? (Round your answers to the nearest whole dollar amount.) Interest expense MacBook Air M 2

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