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Current Attempt in Progress Sunland Co. has the following notes receivable outstanding at December 31, 2021: Issue Date Term Principal Interest Rate 1. August
Current Attempt in Progress Sunland Co. has the following notes receivable outstanding at December 31, 2021: Issue Date Term Principal Interest Rate 1. August 31, 2021 5 months $15,600 5% 2. February 1, 2021 12 months 27,600 5% 3. October 31, 2021 6 months 9,600 6% Interest on each of the above notes is payable at maturity. Calculate the interest revenue that Sunland Co. will report on its income statement for the year ended December 31, 2021. Indicate where this will be presented on a multiple-step income statement. (Round answer to O decimal places, e.g. 5,275.) Total interest revenue $ Interest Revenue is reported under on the income statement. eTextbook and Media Question Part Score --/4
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