Frasquita acquired equipment from the manufacturer on 6/30/2021 and gave a noninterest-bearing note in exchange. Frasquita is obligated to pay $550,000 on 4/30/2022 to satisfy the obligation in full. If Frasquita accrued interest of $15,000 on the note in its 2021 year-end financial statements, what would the manufacturer record in its 2021 income statement for this transaction? U

Frasquita acquired equipment from the manufacturer on 6/30/2021 and gave a noninterest bearing note in exchange. Frasquita is obligated to pay $550,000 on 4/30/2022 to satisfy the obligation in full. If Frasquita accrued interest of $15,000 on the note in its 2021 year-end financial statenents, what would the inanufacturer record in its 2021 income statement for this transaction? $25,000 of interest revenue. $15,000 of interest revenue and $525,000 of sales revenue. $15,000 of interest revenue. $550,000 of sales revenue