Ottman Company borrows \(\$ 88,500\) on September 1, 2017, from Farley State Bank by signing an \(\$ 88,500\), \(12 \%\), 1-year note. What is the accrued interest at December 31, 2017?

(a) \(\$ 2,655\).

(c) \(\$ 4,425\).

(b) \(\$ 3,540\)

(d) \(\$ 10,620\).