On January 1, 2022, Janice Inc. sells equipment financed through a $60,000, three-year, 4% note, issued by its customer. The company uses the effective interest method to amortize any discounts or premiums. Assuming a market rate of 6%, what is the balance of Note Receivable, Net on January 1, 2022, and what is interest revenue recognized for 2022? A) Net Receivable, Net Jan. 1, 2022 $47,325, Interest Revenue 2022 $3,786 B) Net Receivable, Net Jan. 1, 2022 $60,000, Interest Revenue 2022 $2,400 C) Net Receivable, Net Jan. 1, 2022 $56,792, Interest Revenue 2022 $3,408 D) Net Receivable, Net Jan. 1, 2022 $47,325, Interest Revenue 2022 $2,272 E) Net Receivable, Net Jan. 1, 2022 $52,789, Interest Revenue 2022 $4,223

In January 1, 2022, Janice Inc. sells equipment financed through a 60,000 , three-year, 4% note, issued by its customer. The company uses he effective interest method to amortize any discounts or premiums. ssuming a market rate of 6%, what is the balance of Note Receivable, let on January 1,2022, and what is interest revenue recognized for 022 ? A) Net Receivable, Net Jan. 1, 2022 \$47,325, Interest Revenue 2022$3,786 B) Net Receivable, Net Jan. 1, 2022 \$60,000, Interest Revenue 2022$2,400 C) Net Receivable, Net Jan. 1, 2022\$56,792, Interest Revenue 2022$3,408 D) Net Receivable, Net Jan. 1, 2022$47,325, Interest Revenue 2022$2,272 E) Net Receivable, Net Jan. 1, 2022$52,789, Interest Revenue 2022$4,223