QUESTION $5$

On November $1,2019,$ Salem Corporation sold land priced at $$900,000$ in exchange for a $6\%,$ six$-$month note receivable. Salem's balance sheet at December $31,2019$ includes which of the following as a result of the sale of land on November $1?($HINT: accrued interest!$)$

Notes Receivable of $$900,000$ and Interest Receivable of $$9,000.$

Notes Receivable of $$927,000$ and Interest Receivable of $$9,000.$

Notes Receivable of $$900,000$ and Interest Receivable of $$27,000.$

Notes Receivable of $$900,000$ only: