Metal Company Metal Company Sold Merchandise to Steel Corporation on December 1

Metal Company
Metal Company sold merchandise to Steel Corporation on December 1, 2012, for $150,000, and accepted a promissory note for payment in the same amount. The note has a term of three months and an annual interest rate of 8%. Metal's accounting period ends on December 31.
-
Refer to the data provided for Metal Company. What amount should Metal recognize as interest revenue on December 31, 2012?

A) $ -0-
B) $ 1,000
C) $12,000
D) $11,000