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Required information The following information applies to the questions displayed below! A partial amortization schedule for a 5-year note payable that Mabry Company issued on

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Required information The following information applies to the questions displayed below! A partial amortization schedule for a 5-year note payable that Mabry Company issued on January 1, 2018, is shown as follows. Applied to Applied to Principal Balance January 1 $110.000 91,250 71.000 $8,00 $18.750 Payment $ 27,550 27.550 27.550 2020 5,680 21,870 d. What is the amount of interest expense on this loan for 2021? (Round your answers to the nearest whole dollar amount.) Interest expense MacBook Air

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