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Waterway Construction Co . receives a note receivable from Bramble Plastics Inc. as settlement of an overdue account receivable. The note is for three months

Waterway Construction Co. receives a note receivable from Bramble Plastics Inc. as settlement of an overdue account receivable. The note is for three months and bears an annual interest rate of 10%. The original accounts receivable balance was $3000. At the end of the three-month period, Waterway Construction Co. will pay Bramble Plastics Inc.
$3300.
$300.
$3075.
$75.
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