On January 1 , 20 * 1 , ABC Co . extended a P 1 200 ,000 loan to one of its officers as part of ABC Co . 's car and housing assistance program . The note received is due on January 1 20 * 4 and bears 10% interestcompounded annually . How much interest receivable is recognized on December 31 , 20 * 2 statement of financial position ? a . 132 000 b . 120 000 C. 168000 d . 252000