Question: How would the solution to E11- 6 change if Rolling Blackout Power Company was an IFRS reporter and earned $ 11,000 interest income on investing

How would the solution to E11- 6 change if Rolling Blackout Power Company was an IFRS reporter and earned $ 11,000 interest income on investing the excess funds from the construction loan during the year? Prepare the journal entry to record the cash interest payments for the current year.
In E11-6
Debt Instrument and Purpose Amount
8% Note Payable: Used to finance the power plant construction project .......$ 2,000,000 12% Bond Payable: Used to finance maintenance of local transmitters........... $ 1,800,000 13% Note Payable: Used to finance construction of corporate headquarters....$ 4,200,000

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