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On October 1, 2018, Oberley Corporation loans one of its employees $39,000 and accepts a 12-month, 8% note receivable. Calculate the amount of interest revenue

On October 1, 2018, Oberley Corporation loans one of its employees $39,000 and accepts a 12-month, 8% note receivable.

Calculate the amount of interest revenue Oberley will recognize in 2018 and 2019.

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