3 3. (2 points) On January 1, 2021, company sells...
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3. (2 points) On January 1, 2021, company sells goods for $10,900, accepting $2,000 immediate cash payment and a 2-year, $10,000, non-interest-bearing note for the balance due. How much interest income will the company recognize for this note on the December 31, 2021 income statement? a. SO b. $114 c. $534 111121 12/31/21 d. $900 12/31/22 Cash note rec 2000 TODOO sales discount
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