Chen Inc. accepted a two-year noninterest-bearing note for $605,000 on January 1, 2021. The note was accepted as payment for merchandise with a fair value of $500,000. The effective interest rate is 10%. The cash collection on December 31, 2022, would be recorded as:

\begin{tabular}{|l|l|l|} \hline Sotes receivable & 500,000 & \\ \hline Accounts seceivable & & 500,000 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline otes receivable & 605,000 & \\ \hline Discount on notes receivable & & 105,000 \\ \hline & & 500,000 \\ \hline \end{tabular} Sales revenue tes receivable \begin{tabular}{|l|l|} \hline 605,000 & \\ \hline & 605,000 \\ \hline \end{tabular} Accounts receivable receivable nterest revenue of sales 605,000 500,001105,001