Use this information to answer this question, as well as those below it:

ABC Auditor has agreed to perform an inventory count for XYZ on $12/31/$Y$1,$ but will allow them to pay over time.$$ Before they agree with the note terms, they are considering several options.

XYZ$$s normal borrowing rate is $6\%.$ For each option determine service revenue at $12/31/$Y$1$ and interest revenue at $12/31/$Y$3,$ and answer the additional questions below.$$

Information specific to this question: ABC will require XYZ to pay a down payment of $$10,000$ at $12/31/$Y$1$ and the remainder in the form of a $$30,000$ note, at $8\%$ interest, due $$12/31/$Y$6.$ Interest will be due semi$-$annually. Calculate:

Service Revenue for $12/31/$Y$1$: $$$

How much Interest Revenue was recorded year to date at $12/31/$Y$3?$: $$$