On January 1, 2011, B corp. sold land for a $500,000 noninterest bearing note due on January 1, 2024. The market interest rate for a note of this type on January 1, 2021 was 10%. Present value factor for $1 at 10% for 3 periods is 0.7513 Present value factor for an ordinary annuity of $1 at 10% for 3 periods is 2.4868 How much interest revenue should Hemisphere report in its income statement for the year 2022? Round all calculations to the nearest whole dollar.

a.$41,450

b.$50,000

c.$41,321

d.$50,004