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New-Tech Corporation borrowed $20,000 from the bank on March 1, Year 1. The note carried a 9% annual interest rate and a 1-year term to

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New-Tech Corporation borrowed $20,000 from the bank on March 1, Year 1. The note carried a 9% annual interest rate and a 1-year term to maturity. The company paid the principal and the interest in cash on the maturity date. What amount of cash paid for interest expense will New-Tech Corporation show on its Year 1 and Year 2 statements of cash flows

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