On November 1, 2023, Mason Corp. sold $700,000 of its 8% term bonds dated October 1,2023 . The bonds were sold to yield 10%, with total proceeds of $600,000 plus accrued interest. Interest is paid every April 1 and October 1 . What amount should Mason report for interest payable in its December 31, 2023 balance sheet? Select one: a. $17,500 b. $16,000 c. $14,000 d. $10,667 e. $15,000 Clear my choice