The Pulaski Corporation reported the following for the year ended December 31, 20X1:

	1/1/X1		12/31/X1
Premium on Bonds Payable	$	28,500			$	25,750
Interest Payable	$	7,350			$	9,500
Interest Expense $62,250

How much cash did Pulaski pay for interest during 20X1?

Multiple Choice

$60,100

$62,850

$57,350

$67,150