$(2$ points$)$ On December $31,2025,$ a company sells goods to a customer, accepting $$2,000$ immediate

cash payment and agreeing to accept the balance as a non$-$interest$-$bearing note due in four equal

installments of $$4,000,$ payable each subsequent December $31.$ The market rate of interest for a note

of similar risk s $8\%.$ How much interest income will the company recognize for this note on the

December $31,2026$ income statement?

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