Rosewood Company Made a Loan of $11,000 to One of the Company's

Rosewood Company made a loan of $11,000 to one of the company's employees on April 1, Year 1. The one-year note carried a 6% rate of interest. What is the amount of interest revenue that Rosewood would report in Year 1 and Year 2, respectively?

A) $660 in Year 1 and $0 in Year 2
B) $0 in Year 1 and $660 in Year 2
C) $165 in Year 1 and $495 in Year 2
D) $495 in Year 1 and $165 in Year 2