Chen Inc. accepted a two-year noninterest-bearing note for $605,000 on January 1, 2021. The note was accepted as payment for merchandise with a fair value of $500,000. The effective interest rate is 10%.The cash collection on December 31, 2022, would be recorded as:Multiple ChoiceCash 605,000 Notes receivable 605,000Cash 605,000 Discount on notes receivable 105,000 Notes receivable 605,000Interest revenue 105,000Cash 605,000 Notes receivable 500,000Discount on notes receivable 105,000Discount on notes receivable 55,000 Cash 605,000 Notes receivable 605,000Interest revenue 55,000