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AssignmentSessionLocator &inprogress-false a No sincronizando On June 1, Davis Inc. issued an $64,000, 5%, 120-day note payable to Garcia Company. Assume that the fiscal

AssignmentSessionLocator &inprogress-false a No sincronizando On June 1, Davis Inc. issued an $64,000, 5%, 120-day note payable to Garcia Company. Assume that the fiscal year of Garcia ends June 30. Using the 360-day year, what is the amount of interest revenue recognized by Garcia in the following year? Round your answer to the nearest whole dollar.

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