Issue Date

$1.$ August $31,2024$

$2.$ February $1,2024$

$3.$ October $31,2024$

Carla Vista Co$.$ has the following notes receivable outstanding at December $31,2024$:

Term

$5$ months

$12$ months

$6$ months

Principal

$$16,800$

$33,600$

$7,200$

Interest Rate

$5\%$

$5\%$

$6\%$

Interest on each of the above notes is payable at maturity.

$($a$)$

Calculate the interest revenue that Carla Vista Co$.$ will report on its income statement for the year ended December $31,2024.$

Indicate where this will be presented on a multiple$-$step income statement. $($Round answer to O decimal places, e$.$g$.5,275.)$

Total interest revenue

$

Interest Revenue is reported under

on the income statement.