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Question 17 5 points at 1/1/2020 Sham Group makes a loan to Amman Co, and receives in exchange a two-year, note bearing interest at 12

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Question 17 5 points at 1/1/2020 Sham Group makes a loan to Amman Co, and receives in exchange a two-year, note bearing interest at 12 percent annually. The following is a schedule of note discount/premium amortization using effective interest method. Save An Date Cash received Interest revenue Carrying amount 1/1/2020 92 12420 31/12/2020 29 12222 31/12/2021 1440 32 3 1- what is the amount of notes receivable to be collected in cash at 31/12/2021? (rounded): a- 12000 b- 12420 c-11580 d- 12210 e-12100 2- what is the amount of interest revenue for 2020? - Zero b- 1242 C- 1440 d- 1490.4 e- 1638

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