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On December 1 , 2 0 2 4 , Davenport Company sold merchandise to a customer for $ 2 0 , 0 0 0 .

On December 1,2024, Davenport Company sold merchandise to a customer for $20,000. In payment for the merchandise, the customer signed a 6% note requiring the payment of interest and principal on March 1,2025.
How much interest revenue will the company recognize during 2024 and 2025?

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