On May 1, 2012, Mink, Inc. borrowed $10,000 by issuing a 12%, 3-month note and another $10,000 by issuing a 12%, 6-month note. Interest expense for the month ended May 31, 2012 equals ________.

A $(400) on the income statement

B $(200) on the income statement

C $(300) on the income statement

D $(2,400) on the income statement