Mid-Town Auto Parts Company uses the direct method to prepare its
statement of cash flows. Refer to the following information reported for 2019:
1. Interest Expense, $250,000
2. Interest Payable, beginning balance, $80,000
3. Interest Payable, ending balance, $60,000
Compute the interest paid by Mid-Town during 2019.
? $140,000
? $230,000
? $270,000
? $250,000