Question: Here is the Current Liability section for Shifty's Shingles for the year ended December 31, 2019. Current Liabilities Accounts Payable Interest Payable Total Current Liabilities


Here is the Current Liability section for Shifty's Shingles for the year ended December 31, 2019. Current Liabilities Accounts Payable Interest Payable Total Current Liabilities 2019 $7,800 5,000 12,800 2018 $7,900 3,000 10,900 Shifty recognized interest expense of $25,000. Using the information provided on Current Liabilities, how much cash did Shifty spend on interest in 2019? O $21,000 O $3,000 O $23,000 O $25,000
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