Communication $($balance sheet$)$: Interest Receivable is reported in the balance sheet and represents:

Multiple Choice

Total amount of interest that will be received on the note at the time it$$s due.

Total amount of cash received in interest since the note was accepted.

Interest that will be earned on the note from the end of the current year until the note is due.

Interest earned $($and not yet received$)$ since the note was accepted.