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Question 37 (1.5 points) On October 1, 2018, the Matisse Company borrowed $12,000 from the Bank of Carbondale. The loan is for 6 months with

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Question 37 (1.5 points) On October 1, 2018, the Matisse Company borrowed $12,000 from the Bank of Carbondale. The loan is for 6 months with a stated interest rate of 10%. All payments for principal and interest will be paid at the end of 6 months. How much Interest Expense will be reported on the Income Statement for the period ended December 31, 2018? O $1,200. $300. $400. $1,000

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