Use the Information Provided Below to Calculate the Cash Paid

Essay

Use the information provided below to calculate the cash paid for interest for the period.
$\begin{array}{|l|c|}\hline\text { Interest payable, beginning-year. }&4,200\\\hline \text { Interest expense........ } & 26,700 \\\hline \text { Interest payable, year-end. } & 3,000 \\\hline\text { Cash paid for interest.. } \end{array}$