A Parent Loans $90,000 to Its Subsidiary on May 1

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 include a debit to the subsidiary's interest payable account in the amount of:

A) $90,000
B) $ 1,800
C) $ 300
D) $ 900