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Sheridan Company sold $128000 of goods and accepted the customer's $128000 10%, 1-year note in exchange. Assuming 9% approximates the market rate of return, how

Sheridan Company sold $128000 of goods and accepted the customer's $128000 10%, 1-year note in exchange. Assuming 9% approximates the market rate of return, how much interest would be recorded for the year ending December 31 if the sale was made on June 30?

A. $12800.

B. $3200.

C. $0.

D. $6400.

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