The Court Company jour Question 23 2 pts On January 1, 2018, the lowa Company sold merchandise and accepted a $450,000 note receivable. The note receivable was for six years and had a 2 annual interest rate. The note had an effective interest rate of 5%. The present value of the note on January 1, 2018 was $381.478. The company has a December 31st year end and uses the effective interest rate to recognize the interest revenue on the note What amount of interest revenue should the lowa Company record for the year ended December 31, 2019 (second year)? Round your answer to the nearest dollar Puestion 24 2 pts Mountain Company, which has all credit sales, had sales revenue in the amount of $1,300,000 for the year ended December 31, 2019 MacBook Pro Question 22 2 pts On March 1. 2020, the Court Company sold land and accepted a five-year zero-interest bearing. $200,000 note. The note was issued to earn an effective interest rate of 3%. The land had a cost on Court's books of $150,000. The present value of the note receivable was $172.520. record the sale of the land would include a credit to Gain on Sale of Land for: Question 23 January 1, 2018, the lowa Company sold merchandise and accepted a $450,000 note receivable. The note receivable was for six years The state Thenata hadiatective interestecate of 5% Theresenta alueofthenaton 2018 MacBook Pro