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 on December 31, 2019? Oa. $11,000 Ob. $1,000 Oc. s-o- Od. $12,000