Absolute Appliances The company sold merchandise to a customer on December 1, 2019, for $120,000. The company accepted a promissory note as payment. The note has a term of three months and an annual interest rate of 10%. The company's accounting period ends on December 31. Refer to Absolute Appliances. What amount should the company recognize as interest revenue in 2020? a. $1,000 b. $-0- c. $3,000 d. $2,000