Rey's Restaurants accepted a two-year noninterest-bearing note for $605,000 on January 1, 2021 The note was accepted as payment for merchandise with a fair value of $500,000. The effective interest rate is 10%. The cash collection on December 31, 2022, would be recorded as: Multiple Choice Cash Discount on notes receivable Notes receivable Interest revenue 605,000 105,000 605,000 105,000 Cash Notes receivable Discount on notes receivable 695,000 500,000 105,000 Discount on notes receivable Cash 55,000 605,000 605,000 55,000 Notes receivable Interest revenue Cash Notes receivable 605,000 605,000