Organic Skin Care Inc. negotiates a 90-day note payable to replace an overdue account owed to Collagen Research Inc. The 90-day, 9%, $9,000 note payable is signed on December 1, 2020. Calculate the accrued interest payment on the note for the company’s January 31 year-end.

a. $9,000 × 9% × (61/365) = $135.37

b. $9,000 × 9% × (31/365) = $68.79

c. $9,000 × 3% × (61/365) = $45.12

d. $9,000 × 3% × (31/365) = $22.93