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Sandhill Co. has the following notes receivable outstanding at December 31, 2021 Issue Date Term Principal Interest Rate 4% 1. August 31, 2021 2. February

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Sandhill Co. has the following notes receivable outstanding at December 31, 2021 Issue Date Term Principal Interest Rate 4% 1. August 31, 2021 2. February 1, 2021 3. October 31, 2021 5 months 12 months 6 months $9,600 34,800 9,600 Interest on each of the above notes is payable at maturity. Calculate the interest revenue that Sandhill Co. will report on its income statement for the year ended December 31, 2021. Indicate where this will be presented on a multiple-step income statement. (Round answer to O decimal places, es 5.275.) Total Interest revenue Interest Revenue is reported under on the income statement. e Textbook and Media Calculate the amounts related to these notes that will be reported on Sandhill Co's balance sheet at December 31, 2021. Indicate where they wil presented. (Round answers to decimal places, eg. 5,275.) Account Presented in Balance sheet under Amount e Textbook and Media

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