MyCarletor Rice Co. was incorporated on January 1, 20x1, with $500,000 from the issuance of stock and borrowed funds of $75,000. During the first year of operations, net income was $25,000. On December 15, Rice paid a $2,000 cash dividend. No additional activities affected owners' equity in 20x1. At December 31, 20x1, Rice's liabilities had increased to $94,000. In Rice's December 31, 20x1, balance sheet, total assets should be reported at Select one: $598,000 $600,000 $692,000 X $617,000 The correct answer is: $617.000 The company received trom a customer a 9% note with a tace amount or sooooo. The note was dated September 1, 20x5: the principal plus the interest is payable one year later Notes receivable was debited, and cash was credited on the date of the transaction. What is the interest revenue for the year ended December 31, 20x5? of lag Select one nsest delele backspace 5