On March 1,2014,Bayonne Services Made a Loan to One of Its

On March 1,2014,Bayonne Services made a loan to one of its officers.The officer signed a 6-month note for $4,000 at 8%.Bayonne generally accrues interest at year-end only,so at the time the note matured,Bayonne had not accrued any interest revenue.On August 1 when the note matured,the officer settled in full with the company.How much interest revenue did Bayonne record?

A) $320
B) $4,160
C) $160
D) $4,000