OL Company received four promissory notes from different individuals. The details of each note are found below: Date of the Note Face Value Rate Term of the note August 8, 2018 15,000 7% 180 days October 7,2018 22,000 8% 60 days November 12, 2018 28,000 9% 60 days January 6, 2019 30,000 8% 90 days

Compute for the total interest income to be recognized in 2019 inrelation to the four note receivables

OL Company received four promissory notes from different individuals. The details of each note are found below: Date of the Note Face Value Rate Term of the note August 8, 2018 15,000 7% 180 days October 7,2018 22,000 8% 60 days November 12, 2018 28.000 9% 60 days January 6, 2019 30,000 8% 90 days Compute for the total interest income to be recognized in 2019 in relation to the four note receivables