Record the transactions for Rather Co. (Rootid talt 1811NiCO For notes with terms of one year of longer, interest is payable on the mast any or car..... onth, for futeres earned the previous month. For notes with terms less than one year, interest is payable at maturity. Instructions (a) Calculate the interest revenue that NiCo, will report on its income statement fot the year ended December 31, 2014. Indicate where this will be presented on the income statement. (Round calcull tions to the nearest dollar.) (b) Calculate the amounts related to these notes that will be reported on Ni Co.s balance sheel at December 31, 2014. Indicate where they will be presented. Assume all required interest payments have been received on time. (Round calculations to the nearest dollat.)