3) On September 1, Year 1, Smith Inc, loaned $60,000 to another corupany. The note receivable had is oneyear term and an annual interest rate of 6%. Each question is worth I point. ( 5 points totial) A. What amount of cash did Smith receive for interest in Year 1 ? B. What amount of interest revenue did Smith rocognize on the income statement in Year 1 ? C. What amount of total receivables related to the note did Smith report on the balance sheet at the end of Y eas 1? D. What amount of interest revenue did Smith recognize on the income statement in Year 2 ? F. How much total cash did Smith receive from the borrower in Year 2