On a classified balance sheet, the financial statement user will be able to distinguish between: Multiple Choice product and period costs. none of these answer choices are correct. cash flow from operations and cash flow from investing activities. current and noncurrent assets. North Woods Company has a line of credit with Olympia State Bank. North Woods agreed to pay interest at an annual rate equal to 2% above the bank's prime rate. Funds are borrowed or repaid on the first day of each month and interest is paid in cash on the last day of each month Borrowing is shown as a positive amount, and repayments are shown as negative amounts indicated by parentheses. Activity to date is given as follows: Month January February March Ant. Borrowed (Repaid) $ 38,000 57,000 [38,000) Prime Rate for the Month 6% 5% 3% What is the amount of interest paid at the end of March? (Do not round your intermediate calculations.) Multiple Choice $2375 $285.0 $142.5 $253.0