ters 3 & 4 6 Seved Help Save & Exit On November 1, Jovel Company loaned another company $130,000 at a 9.0% Interest rate. The note receivable plus interest will not be collected until March 1 of the following year. The company's annual accounting period ends on December 31. The amount of Interest revenue that should be reported in the first year is: Multiple Choice $17,700 $7.000 $5.675 SO $1950