Aaron Corporation borrows $100,000 on 9/1/2019 to be repaid (with interest) on 3/1/2020. The interest rate is 10%. Aaron's year-end is Dec. 31st. So, how much interest expense will Aaron recognize for this borrowing on its 2020 income statement?

Choose one:

a.) $1,667

b.) $5,000

c.) $2,000

d.) $3,333

e.) $1,333