184. Use the information provided below to calculate the cash paid for interest for the period. Interest payable, beginning-year……………………... $ 4,200 Interest...

Interest payable, beginning-year……………………...

$

4,200

Interest expense……………………………………….

26,700

Interest payable, year-end…………………………….

3,000

Cash paid for interest…………………………………

$

Prepaid insurance, beginning-year……………………

$

7,000

Insurance expense……………………………………..

16,800

Prepaid insurance, year-end…………………………...

3,400

Cash paid for insurance………………………………..

$

Interest receivable, beginning-year……………………

$

800

Interest revenue………………………………………..

12,600

Interest receivable, year-end…………………………..

1,200

Cash received for interest……………………………..

$

Accounts payable, beginning-year…………………….

$

60,000

Cost of goods sold……………………………………..

244,000

Merchandise inventory, beginning-year……………….

35,000

Merchandise inventory, year-end………………………

40,500

Accounts payable, year-end……………………………

64,800

Cash paid for merchandise……………………………..

$