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Smith & Sons reports interest expense of $90,000 on its 2018 income statement. The January 1, 2018 interest payable balance is $10,000, and the December

Smith & Sons reports interest expense of $90,000 on its 2018 income statement. The January 1, 2018 interest payable balance is $10,000, and the December 31, 2018 interest payable balance is $15,000. How much cash did Smith & Sons pay for interest during 2018?

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