Red Wing \& Co. sold goods with a market price of $150,000 on July 1. They accepted a note from Shoreline Inc. for $150,000 due in two years, with interest paid each year on July 1 , bearing 8% interest. If 8% interest approximates he market rate of interest for this transaction, how much interest should be accrued at the company's December 31 year-end? $12,000$24,000$6,000$9,000 Red Wing \& Co. sold goods with a market price of $150,000 on July 1. They accepted a note from Shoreline Inc. for $150,000 due in two years, with interest paid each year on July 1 , bearing 8% interest. If 8% interest approximates he market rate of interest for this transaction, how much interest should be accrued at the company's December 31 year-end? $12,000$24,000$6,000$9,000