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ROK company loaned XYZ Company $96,000 on June 1, 2013. The entire balance of the note, with interest is due in 2 years. The annual

ROK company loaned XYZ Company $96,000 on June 1, 2013. The entire balance of the note, with interest is due in 2 years. The annual interest rate on the note is 5%. ROK Company has a year end of December 31, 2013. How much Interest Revenue should ROK Company report on their 2013 Income Statement?

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