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On June 1 , 2 0 2 0 , Swifty Corporation loaned Cullumber $ 4 8 2 0 0 0 on a 1 3 %
On June Swifty Corporation loaned Cullumber $ on a note, payable in five annual installments of $ beginning January In connection with this loan, Cullumber was required to deposit $ in a zerointerestbearing escrow account. The amount held in escrow is to be returned to Cullumber after all principal and interest payments have been made. Interest on the note is payable on the first day of each month beginning July Cullumber made timely payments through November On January Swifty received payment of the first principal installment plus all interest due. At December Swifty's interest receivable on the loan to Cullumber should be $ $ $ $
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