Ont Navembes 1, Jovel Compsyy loaned snother company $130,000 at a 90 . interest pate. The note receivable plus interes will not be colicted unti March 1 of the folewing yoar. The company's anqual eccounting period ends on December 3t. The amount of interest revenue that should be teported in the first year is: Minge Choice 14950 40 $7000