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Sharon's Shoes incurred $5,750 of interest expense on a note payable during 2021 . How will this interest impact the income statement of Sharon's Shoes

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Sharon's Shoes incurred $5,750 of interest expense on a note payable during 2021 . How will this interest impact the income statement of Sharon's Shoes for the year ended December 31, 2021? Multiple Choice Interest payable will increase. Operating expenses will decrease. Income before taxes will decrease. Gross profit will decrease

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