At December 31 , you have a \(\$ 10,000\) note receivable from a customer. Interest of \(8 \%\) has accrued for 6 months on the note. What will your financial statements report for this situation?

a. Nothing, because you haven't received the cash yet.

b. Balance sheet will report the note receivable of \(\$ 10,000\).

c. Balance sheet will report the note receivable of \(\$ 10,000\) and interest receivable of \(\$ 400\).

d. Income statement will report a note receivable of \(\$ 10,000\).