Check my work 7 On November 1, Jasper Company loaned another company $180,000 at a 70 % interest rate. The note receivable plus interest will not be collected until March 1 of the following year. The company's annual accounting period ends on December 31. The amount of interest revenue that should be reported in the first year is 05 points en4038 Multiple Choice etock $6,175 50 $2,100. $7500 $18.700 Mc Gere 7 of 30