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Question 18 ABC SWEETS Corp borrows $500 from the bank, signing a 10 week note. Interest is $10 in total, payable at $1 per week, including this week. What changes on the income statement Interest Expense - Increase of $10 Interest Expense - increase of $1 Gross Sales - ricrease of $500, Interest Expense-increase of $10 The Income Statement is not affected