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Rosewood Company made a loan or $12,000 to one of the company's employees on April Year 1. The one year wote carried rate of interest.

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Rosewood Company made a loan or $12,000 to one of the company's employees on April Year 1. The one year wote carried rate of interest. What is the amount of interest revenue that Rosewood would report in Year 1 and Year 2. respectively! Multiple Choice $0 in Your and $720 in Year 2 $180 in Year 1 and $540 in Year 2 $720 in Year 1 and $0 In Year 2 $540 in Year 1 and $180 in Year 2

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