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West Company borrowed $52,000 on September 1, 2016 from the Valley Bank. West agreed to pay interest annually at the rate of 9% per year.

West Company borrowed $52,000 on September 1, 2016 from the Valley Bank. West agreed to pay interest annually at the rate of 9% per year. The note issued by West carried an 18-month term. Based on this information the amount of interest expense appearing on West's 2016 income statement would be:

$0.

$1,560.

$468.

$1,170.

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