Interest expense for 2018 is $270,000. Interest payable increased $52,000 during the year. Interest receivable increased $12,000 during the year. Interest expense includes $47,000 for the amortization of discount. What is the cash paid for interest?

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Interest expense for 2018 is $270,000. Interest payable increased $52,000 during the year. Interest receivable increased $12,000 during the year. Interest expense includes $47,000 for the amortization of discount. So, cash paid for interest = Interest expense - Increase in interest payable + Increase in interest receivable - Amortization of discount = $270,000 - $52,000 + $12,000 - $47,000 = $171,000.

Interest Expense for 2018 Is $270,000