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Sunland Co. has the following notes receivable outstanding at December 31, 2021 Issue Date Term Principal Interest Rate 1. August 31, 2021 5 months $19.200
Sunland Co. has the following notes receivable outstanding at December 31, 2021 Issue Date Term Principal Interest Rate 1. August 31, 2021 5 months $19.200 3% 2. February 1, 2021 12 months 30,000 9,600 3. October 31, 2021 6 months Interest on each of the above notesis payable at maturity Calculate the interest revenue that Sunland Co will report on its income statement for the year ended December 31, 2021. Indicate where this will be presented on a multiple stepincome statement to O decimal places, s. 5,275) Total interest revenue Interest Revenue is reported under on the income statement. eTextbook and Media earch Calculate the amounts related to these notes that will be reported on Sunland Co. balance sheet at December 31, 2021. Indicate where they will be presented. (Round ans Account Presented in Balance sheet under Amount e Textbook and Media
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