Dallas Corp reported the following information for 2015 and 2016. Interest receivable, December 31, 2015 $1,100 Interest receivable, December 31, 2016 1,400 Interest income—2016 3,200 How much cash was received for interest during 2016?
a. $2,900
b. $3,200
c. $3,500
d. $3,800
a
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