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Mortgage interest. Azusa purchased a house in 2 0 1 0 for $ 1 3 0 , 0 0 0 in cash and a mortgage

Mortgage interest. Azusa purchased a house in 2010 for $130,000 in cash and a mortgage loan of $340,000. During 2011 and 2012, she paid down the principal of loan by $40,000 and made interest payments totaling $20,000. At the end of 2012, she refinanced the loan, borrowing $410,000 and using the amount in excess of the outstanding principal to pay for her daughter's wedding. How much is Azusa's "acquisition indebtedness" after the refinancing?

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