Accounting for Notes Receivable and Discounting:[20128006022920) Jose had an interest-bearing note receivable in the face amount of $12,000. This note was created on June 1, Year 1, as the result of a $12,000 sales transaction by Jose. The notes interest rate and due date were 8% and March 1, Year 2, respectively. How much Interest Revenue should Jose show in its income statement for Year 1 created on December 31, Year 1, and how much Interest Receivable would Jose show in its balance sheet dated December 31, Year 1? Interest Revenue: Interest Receivable: $ How much Interest Revenue should Jose show in its income statement for Year 2 and how much Interest Receivable would Jose show in its balance sheet dated December 31, Year 2? [Assume the note's maker did pay the note in full along with the appropriate amount of interest on the notes due date in Year 2.] Interest Revenue: Interest Receivable: $ The requirement below is entirely independent of the above requirements. Using the same information from the very first paragraph above, assume that Jose needed to 'discount the note at its bank on October 1, Year 1. The banker's discount rate was 9%. Required: What journal entry would Jose have made when receiving cash from its banker on October 1, Year 1