Buick Company Lends Ford Company $60,000 on August 1, 2019 $\quad$

Buick Company lends Ford Company $60,000 on August 1, 2019 in exchange of a 9-month, 12% interest note.
If Buick Company accrued interest on its December 31, 2019 year-end, what entry must it make to record the collection of the note and interest at its maturity date?

A) Cash 65,400
$\quad$ $\quad$ $\quad$ Notes Receivable 60,000
$\quad$ $\quad$ $\quad$ Interest Receivable 2,400
$\quad$ $\quad$ $\quad$ Interest Income 3,000
B) Notes Receivable 60,000
Interest Receivable 3,000
Interest Income 2,400
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Cash 65,400
C) Cash 65,400
$\quad$ $\quad$ $\quad$ Notes Receivable 60,000
$\quad$ $\quad$ $\quad$ Interest Income 5,400
D) Cash 65,400
$\quad$ $\quad$ $\quad$ Notes Receivable 60,000
$\quad$ $\quad$ $\quad$ Interest Receivable 3,000
$\quad$ $\quad$ $\quad$ Interest Income 2,400