Cypress Oil Company's December 31, 2016, balance sheet listed $734,000 of notes receivable and $21,200 of interest receivable included in current assets. The following notes make up the notes receivable balance:

Note 1	Dated 8/31/2016, principal of $360,000 and interest at 10% due on 2/28/2017.
Note 2	Dated 6/30/2016, principal of $230,000 and interest due 3/31/2017.
Note 3	$150,000 face value noninterest-bearing note dated 9/30/2016, due 3/31/2017. Note was issued in exchange for merchandise.

The company records adjusting entries only at year-end. There were no other notes receivable outstanding during 2016.

Determine the rate used to discount the noninterest-bearing note. discount rate __% Determine the explicit interest rate on Note 2. interest rate__% What is the amount of interest revenue that appears in the companys 2016 income statement related to these notes? interest revenue ?