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On July 1, 2021, a company loans one of its employees $26,000 and accepts a eight-month, 6% note receivable. Calculate the amount of interest revenue

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On July 1, 2021, a company loans one of its employees $26,000 and accepts a eight-month, 6% note receivable. Calculate the amount of interest revenue the company will recognize in 2021 and 2022. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) 2021 2022 Amount of interest revenue During 2021, a company sells 383 units of Inventory for $93 each. The company has the following Inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 60 166 182 408 Unit Cost Total Cost $62 $ 3,720 64 10,624 67 12,194 $26,538 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses LIFO. Ending inventory Cost of goods sold

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