Rosewood Company made a loan of $8,400 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? Multiple Choice $0 in Year 1 and $504 in Year 2 $504 in Year 1 and $0 in Year 2 $378 in Year 1 and $126 in Year 2 $126 in Year 1 and $378 in Year 2

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