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Question 1 Not complete Marted out of 5.00 P Festion Determining Sales and Interest Revenue using Long-term Note Receivable A four year, 526,000, noninterest-bearing note

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Question 1 Not complete Marted out of 5.00 P Festion Determining Sales and Interest Revenue using Long-term Note Receivable A four year, 526,000, noninterest-bearing note was received by Willis Company for a credit sale. Assuming a market rate of 5, determine() sales revenue recognized upon issuance of the note and (2) interest revenue recognized over the term of the note Note: Round each answer to the nearest whole dolar 1. Sales revendes 2. Interest 0 Check

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