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On January 1,2024 . Sheridan Limited issues a $22629,3%, three-year note payable. The note calls for three annual payments of $8000, blended principal and interest.

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On January 1,2024 . Sheridan Limited issues a $22629,3%, three-year note payable. The note calls for three annual payments of $8000, blended principal and interest. The first payment is to be made on December 31, 2024. On December 31, 2025, Sheridan will report interest expense of

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