Rosewood Company made a loan of $11,600 to one of the company's employees on April 1 , Year 1 . The one-year note carried a 6% rate of interest. The amount of interest revenue that Rosewood would report during the years ending December 31, Year 1 and Year 2, respectively, would be: Multiple Choice $696 and $0. $0 and $696. $522 and $174. $174 and $522