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On October 1, 2021, Oberley Corporation loans one of its employees $37,000 and accepts a 12-month, 10% note receivable. Calculate the amount of interest revenue

On October 1, 2021, Oberley Corporation loans one of its employees $37,000 and accepts a 12-month, 10% note receivable.

Calculate the amount of interest revenue Oberley will recognize in 2021 and 2022.

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