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On November 1, 2017, Salem Corporation sold land priced at $900,000 in exchange for a 6%, six-month note receivable On May 1, 2018 (maturity

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On November 1, 2017, Salem Corporation sold land priced at $900,000 in exchange for a 6%, six-month note receivable On May 1, 2018 (maturity date), the note is collected in full by Salem Corporation. Assuming a fiscal year-end of December 31, Salem recognizes which of the following in its income statement for 2018 with regard to this note? Select one: A.$927,000 sales revenue. B.$18,000 interest revenue. C.$9,000 interest revenue D.$27,000 interest revenue

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