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Question 4 2.5 pts Franklin Company borrowed $60,000 from a bank on June 1, 2020 and agreed to pay it back in ten months at

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Question 4 2.5 pts Franklin Company borrowed $60,000 from a bank on June 1, 2020 and agreed to pay it back in ten months at an interest rate of 14% per year. Calculate the amount of interest expense related to this loan reported in Franklin Company's 2021 income statement

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