Green Co. issued note receivable in January, 2017. Assuming the market interest rate is 10% per annum, how much would Green Co. record as an interest revenue for 2017 if the terms of the note are that it would be a two-year, $120,000 note bearing interest at 8 percent annually? (The present value of $1 for one and two period at 10% is 0.90909 and 0.82645).

a. $9,267.

b. $11,584.

c. $0.

d. $9,600.