A company reported the following information: Interest payable, December 31, 2014 $ 3,200 Interest payable, December 31, 2013 10,200 Interest expense for 2014 22,000 How much cash was paid for interest during 2014? a. $15,000 b. $29,000 c. $30,200 d. $25,200 ANSWER b. $29,000