On April $7,$ Wilhelm, Inc. sold goods for $$50,000$ and accepted a $10\%,60-$day note. On April $22,$ the company sold the note to a bank at a $13\%$ discount rate.

Required:

Compute the amount of interest revenue and the loss on sale of the note. Assume a $360-$day year. Round your answers to two decimal places.

Interest revenue $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Loss on sale of note $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$