HdG, Inc Accepts a $800,000, 7% Note from Aberdeen Unlimited on on April

HdG, Inc. accepts a $800,000, 7% note from Aberdeen Unlimited on April 1, 2019, and lends money to Aberdeen. Aberdeen agrees to pay 5 equal annual payments on this note beginning March 31, 2020. The market rate at the date of issuance of this note was 7%. How much Interest Revenue will HdG record on December 31, 2019, the end of its fiscal year?

A) HdG will not record Interest Revenue until it receives the first installment payment on this note on March 31, 2020.
B) $28,000
C) $56,000
D) $42,000