A table of notes receivable for 2016 follows: Interest Period During 2016 Interest Rate Principal 6 months $50,000 Note 1 12% Note 2 90 days 16,000 14% 180 days Note 3 20,000 5% Note 4 10 months 120,000 8% For each of the notes receivable, compute the amount of interest revenue earned during 2016. Round to the nearest dollar. (Use a 360-day year for the notes with interest periods in days and a 12-month year for notes with interest periods in months.)

A table of notes receivable for 2016 follows Principal Interest Rate Interest Period During 2016 Note 1 $ 50,000 12% 6 months Note 2 16.000 149 90 days Note 3 20,000 5% 180 days Note 4 120.000 8% 10 months For each of the notes receivable, compute the amount of interest revenue eamed during 2016 Round to the nearest dollar (Use a 360-day year for the notes with Interest periods in days and a 12-month year for notes with interest periods in months) GEITA Note 1 Note 2 Note 3 Note 4