y cms Google Imported From IE wanada nting Updates > Yahoo cions Question 5 View Policies Show Attempt History Current Attempt in Progress ences rations LUS Crane Co. has the following notes receivable outstanding at December 31, 2021: Issue Date Principal Interest Rate $13,200 5% 1. August 31, 2021 2. February 1, 2021 3. October 31, 2021 5 months 12 months 6 months 28,800 5% 9,600 Interest on each of the above notes is payable at maturity. - Your answer is partially correct. Calculate the interest revenue that Crane Co. will report on its income statement for the year ended December 31, 2021. Indicate where this will be presented on a multiple-step income statement. (Round answer to decimal places, e.g. 5,275) Total interest revenue 3616 Interest Revenue is reported under other revenues on the income statement step income statement round answer to decimo proces, .1,75 Total interest revenue 3616 Interest Revenue is reported under other revenues on the income statement.. e Textbook and Media Your answer is partially correct. Calculate the amounts related to these notes that will be reported on Crane Co's balance sheet at December 31, 2021. Indicate they will be presented. (Round answers to O decimal places, e.g. 5,275.) Account Presented in Balance sheet under Amount Interest Revenue Current Assets 3616 51600 Interest Receivable Current Assets T alennd Media