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Use the following information to answer questions 8 through 10 , read the questions carefully to make sure you understand the question being asked. On

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Use the following information to answer questions 8 through 10 , read the questions carefully to make sure you understand the question being asked. On July 1, 2021 you sell a piece of equipment to a customer and accept a note from the customer. The note is for $120,000, it has a maturity date of May 1, 2022 (10 months from the date of the sale) and carries an interest rate of 7%. All interest and the principal amount of the note will be paid on the maturity date. 8) What amount of Interest Revenue will you record being earned during 2021 ? Question 9 1 pts 9) What amount of Interest Revenue will you record being earned during 2022 ? Question 10 1 pts 10) What amount of total cash will you collect from the customer on July 1,2022

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