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24. (1 point) On 12-31-16, I sold some inventory to T. T was short of cash and I agreed to accept a $150,000, zero-interest bearing

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24. (1 point) On 12-31-16, I sold some inventory to T. T was short of cash and I agreed to accept a $150,000, zero-interest bearing note receivable. I will collect the note principle in full on 12-31-19. Under normal circumstances. I earns 2% on its funds. The cost of the inventory sold was $60.000. How much interest income will J record for the year ended 12-31-17

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