On January 1, YR01, General Electric entered into a contract to manufacture and sell a jet engine to Boeing for $1,000. Boeing paid the full sales price ($1,000) at the date the contract was signed, with delivery of the engine to be made 24 months later on December 31, YR02. Assume an interest rate of 10% is appropriate for this transaction, and that delivery of the engine occurred as expected. 7. What amounts should General Electric record in income related to this transaction for the year ended December 31, YR02 (round answers to the nearest dollar)? a. b. Sales Revenue $0 $0 $1,210 $1,000 None of the above. Interest Revenue $0 $0 $0 $0 Interest Expense $0 $110 $110 $0 c. d. e