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Rosewood Company made a loan of $9,000 to one of the company's employees on April 1, Year 1. The one-year note carried a 6% rate

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Rosewood Company made a loan of $9,000 to one of the company's employees on April 1, Year 1. The one-year note carried a 6% rate of interest. What is the amount of interest revenue that Rosewood would report in Year 1 and Year 2, respectively? :57 Multiple Choice $540 in Year 1 and $0 in Year 2 $0 in Year 1 and $540 In Year 2 $135 in Year 1 and $405 in Year 2 $405 in Year 1 and $135 in Year 2

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