Peckham Corporation received a 9-month, 9% note for $100,000 from its agent on July 1, 2012. The note is due on March 31, 2013. If Peckham's accounting period ends on December 31, 2012, how much interest revenue should Peckham recognize during 2012 and 2013? 
Definitions:
Major Lobes
The divisions of the brain, including the frontal, parietal, occipital, and temporal lobes, each responsible for different functions.
Liver
A vital organ in vertebrates which performs functions such as detoxification, protein synthesis, and production of biochemicals necessary for digestion.
Diaphragm
Musculomembranous partition between the abdominal and thoracic cavities.
Common Bile Duct
A duct that carries bile from the liver and gallbladder to the duodenum, playing a critical role in digestion by introducing bile to the intestinal tract.
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