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Question - John Burton runs a blacksmith's workshop. His electricity bills come in every quarter. The current year's information included the following:
i. On January 1, there was an unpaid bill covering the quarter to December 15 of the previous year of $250.
ii. Usage from December 15 to December 31 of the previous year was estimated to be $50.
iii. Bills received during the year were as follows:
iv. Estimated usage from December 15 to December 31: $100.
Calculate the electricity expense for the year.
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