Could you please show the steps in how you got the answer?

Thanks...

For the year ended December 31, 20Y3, Homer Company would report Interest Revenue of $855 ($405 * $450) as part of other revenue on its income statement The receipt of the semiannual interest of $540 on January 31, 2024, is recorded as follows: 2014 Jan. 31 540 Cash Interest Revenue Interest Receivable Received semiannual interest. 90 450