On May 1, 2016, Walloon purchased $100,000, 8% bonds at 102 plus accrued interest. The bonds mature on 11/1/19. Straight-line amortization is used. Semi-annual interest is collected each May 1 and November 1. Walloon should report on the 12/31/16 balance sheet an Interest Receivable of:

Select one:

a.$8,000

b.$4,833

c.$2,667

d.$4,000

e.$1,333