A subsidiary borrowed $150,000 from its parent in a previous year. Interest payments at an annual rate of 3% are due semiannually on March 1 and September 1 of each year. The accounting year ends December 31. Consolidation eliminating entries for the year include a credit to interest expense in the amount of:

Select one:

A. $4,500

B. $2,250

C. $ 750

D. $1,500