No adjustment has yet been made for accrued interest receivable on a bond receivable for the year ended December 31 2023. Regular interest payments are made on February 28, May 31, August 31 and November 30 with interest revenue being recorded at the time of the payment. The balance of the bond receivable is $240,000 and the annual interest rate is 10%. The balance of the interest receivable account is $2,000 which is unchanged from the previous year. I. Discuss how the above should be treated in the financial statements for the year ended December 31 2023. i.e. explanation, workings and journal entries, where applicable