A parent loans $$90,000$ to its subsidiary on May $1$ of the current year, at an annual interest rate of $2\%.$ Interest payments are due semiannually on October $31$ and April $30$ of each year. The accounting year ends December $31.$

The consolidation eliminating entries at year$-$end include a credit to interest receivable in the amount of:

Select one:

a$.$

$$1,200$

b$.$

$$1,800$

c$.$

$ $300$

d$.$

$$0$