$4^$

SPREADSHEET

$1$

$2$

$3$

OVERVIEW

HE

$5$

Frame Co$.$ has an $8\%$ note receivable dated June $30,$ Year $1,$ in the original amount of $$150,000.$ Payments of $$50,000$ in amount should Frame report as a current asset for interest on the note receivable?

A$.$ $$0$

C$.$ $$8,000$

C$.$ $$$12,000$