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On Sune 8, Aton Co. issued an $78,500, 11%, 120-day note payable to Seller Co. Assume that the fiscal year of Seller Counds June 30.

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On Sune 8, Aton Co. issued an $78,500, 11%, 120-day note payable to Seller Co. Assume that the fiscal year of Seller Counds June 30. Using a 360-day year in your calculations, what is the amount of interest revenue recognized by Seller in the following year? When required, round your answer to the nearest dollar 5720 14 X 08 38 52351

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