ABC Company began Year 2 with $100,000 in Cash and Common Stock. On March 1 of Year 2, ABC Company loaned $50,000 to Deb Tor Inc. for one year at 12% interest. Deb Tor Inc. repaid the principal and interest on Feb 28, Year 3.

How much revenue did ABC earn from this loan in Year 2 and 3?

Group of answer choices

$6,000 in Year 2 & $0 in Year 3

$4,000 in Year 2 & $2,000 in Year 3

$0 in Year 2 & $0 in Year 3

$5,000 in Year 2 & $1,000 in Year 3

$0 in Year 2 & $6,000 in Year 3

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