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Prior Year Current Year ??? ??? Category Accounts payable Accounts receivable Accruals Additional paid in capital 320,715 397,400 Cash 40,500 33,750 500,000 541,650 17,500 47,500

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Prior Year Current Year ??? ??? Category Accounts payable Accounts receivable Accruals Additional paid in capital 320,715 397,400 Cash 40,500 33,750 500,000 541,650 17,500 47,500 94,000 105,000 328,500 431,923.00 33,750 35,000 54,000 55,538.00 40,500 41,497.00 Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings 279,000 288,000 335,273.00 401,512.00 946,535 999,000 148,500 162,000 126,000 161,445.00 306,000 342,000 639,000 849,091.00 24,750 48,771.00 Sales Taxes What is the entry for the current year's interest expense on a common-sized income stathshent? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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