On June 1, 2010, Oakcrest Company signed a three-year \(\$ 100,000\) note payable with 9 percent interest. Interest is due on June 1 of each year beginning in 2011. What amount of interest expense should be reported on the income statement for the year ended December 31, 2010?

a. \(\$ 5,250\)

b. \(\$ 6,000\)

c. \(\$ 6,750\)

d. \(\$ 9,000\)