Mark$$s on the Park $($MOP$)$ is a highly successful restaurant known for their weekend brunch. Given the success of the restaurant, one of Mark$$s friends, Mr$.$ Lowe, asked for some financial help to open a similar restaurant in a nearby town. The following events relate to the loan from MOP to Mr$.$ Lowe:

On March $1,$ Year $1,$ MOP loaned Mr$.$ Lowe $$72,000$ for one year at $5$ percent interest.

On December $31,$ Year $1,$ MOP recognized accrued interest on the loan.

On March $1,$ Year $2,$ MOP recognized accrued interest.

On March $1,$ Year $2,$ MOP recognized the collection of the note including all interest.