On November 1, 2010, Salem Corporation Sold Land Priced at $900,000

On November 1, 2010, Salem Corporation sold land priced at $900,000 in exchange for a 6%, six-month note receivable.


-Refer to the above data. On May 1, 2011 (maturity date) , the note is collected in full by Salem Corporation. Assuming a fiscal year-end of December 31, Salem recognizes which of the following in its income statement for 2011 with regard to this note?

A) $927,000 sales revenue.
B) $27,000 interest revenue.
C) $18,000 interest revenue.
D) $9,000 interest revenue.