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On November 16, 2020, Kinsmen Sports gave Source for Sports a 120-day, 8%, $130,000 note payable to extend a past due account payable. What amount

On November 16, 2020, Kinsmen Sports gave Source for Sports a 120-day, 8%, $130,000 note payable to extend a past due account payable. What amount of interest expense should Source for Sports report at December 31, 2020?

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