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Jane's Donut Co, borrowed $206,000 on January 1, 2021, and signed a two-year note bearing interest at 12%. Interest is payable in full at maturity

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Jane's Donut Co, borrowed $206,000 on January 1, 2021, and signed a two-year note bearing interest at 12%. Interest is payable in full at maturity on January 1, 2023. In connection with this note, Jane's should report interest expense at December 31, 2021, in the amount of

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