Company L
Company L Reported the Following Information -Refer to the Figure Company L

Company L
Company L reported the following information:
$\begin{array}{lr}\text { Interest receivable, December 31, Year 2 } & \$ 8,000 \\\text { Interest receivable, December 31, Year 1 } & 11,500 \\\text { Interest revenue for Year 2 } & 16,000\end{array}$

-Refer to the figure Company L.How much cash was received for interest during Year 2?

A) $3,500
B) $8,000
C) $12,500
D) $19,500