Question: On September 1 , 2 0 2 4 , Middleton Corporation lends cash and accepts a $ 7 , 0 0 0 note receivable that

On September 1,2024, Middleton Corporation lends cash and accepts a $7,000 note receivable that offers 15% interest and is due in six months. How much interest revenue will Middleton Corporation report during 2025?(Do not round intermediate calculations. Round your answer to the nearest dollar amount.)
Multiple Choice
$278
$371
$211
$175
On September 1 , 2 0 2 4 , Middleton Corporation

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