Jane and Bart organized food truck business- Just Best Food Inc (JBF Inc.). JBF Inc. decided to follow accrual method of accounting. JBF Inc. borrowed $8,000 from the bank on November 1, 2015. The note had a 5 percent annual rate of interest and matured on April 30, 2016. Yes, it was a short-term debt. Interest and principal were paid in cash on the maturity date.

What amount of interest expense was paid in cash in 2015?

• A. $0
• B. $67
• C. $200
• D. $400