Big Corp. also has a $1.8-million note receivable dated May 1, 2019. It bears interest of 9% and represents the balance of the consideration received from the sale of Big's electronics division to NYC. Principal payments of $600,000 plus appropriate interest are due on May 1, 2020, 2021, and 2022. The first principal and interest payment was made on May 1, 2020. Collection of the note instalments is reasonably assured. Calculate interest income related to this note for 2020. Determine how the note and interest should be presented on the 2020 balance sheet.

Date	(A) Cash Received = (B) + (C)	(B) Interest Income	(C) Principal Received	NotesReceivableCarryingAmount
5/1/2019				$1 800 000
5/1/2021			$600 000
5/1/2021			$600 000