The following selected transactions are from Griffin Company. Year 1 Dec. 16 Accepted a $14,400, 60-day, 8% note in granting Tony Turner a time extension on his past-due account receivable. 31 Made an adjusting entry to record the accrued interest on the Turner note. Year 2 Feb. 14 Received Turner's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a $11,000, 8%, 90-day note in granting a time extension on the past-due account receivable from Duerr Co. 17 Accepted a $11,400, 30-day, 10% note in granting June Taylor a time extension on her past-due account receivable. Apr. 16 Taylor dishonored her note. May 31 Duerr Co. dishonored its note. Aug 7 Accepted a $22,000, 90-day, 12% note in granting a time extension on the past-due account receivable of Lee Co. Sep. Accepted a $4,200, 60-day, 10% note in granting Lindsey Martin a time extension on his past-due account receivable. Nov. Received payment of principal plus interest from Martin for the September 3 note. Nov. Received payment of principal plus interest from Lee for the August 7 note. Dec. 1 Wrote off the Taylor account against the Allowance for Doubtful Accounts. 3 2 5 Griffin Co. Calculation of interest revenue February 14 - Turner note: Principal Interest rate Number of days' interest to be recorded in Year 2 Number of days' interest to be recorded in Year 2 Principal Interest rate Number of days' interest to be recorded in Year 2 Number of days' interest to be recorded in Year 2 Number of days' interest to be recorded in Year 2 Total interest revenue - Year 2 $ 0