On March 1, 2006, Picadilly Corporation Loaned $12,000 to Its

On March 1, 2006, Picadilly Corporation loaned $12,000 to its subsidiary, Soho Company, on a 90-day, 12% promissory note. On March 3l, 2006, Picadilly discounted the Soho note at National Bank at a 15% discount rate. In its journal entry to record the discounting, Picadilly credits Intercompany Interest Revenue in the amount of:

A) $0
B) $51
C) $120
D) $360
E) Some other amount