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Marigold Company borrowed $860000 from BankTwo on January 1, 2020 in order to expand its mining capabilities. The five-year note required annual payments of $221100

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Marigold Company borrowed $860000 from BankTwo on January 1, 2020 in order to expand its mining capabilities. The five-year note required annual payments of $221100 and carried an annual interest rate of 8%. What is the amount of interest expense Marigold must recognize on its 2021 income statement? $56616.00$68800.00$43673.00$50836.00

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