Question: 16 Computing interest revenue for two periods E) P4 ril 1 of Year 1, Respawn accepted a $10,000, 12-month, 8% note from a customer in

16 Computing interest revenue for two periods E) P4
ril 1 of Year 1, Respawn accepted a $10,000, 12-month, 8% note from a customer in granting a time extension on his past-due
it receivable. Respawn's year-end is December 31. Compute interest revenue recorded by Respawn in Year 1 and Year 2.

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