Accrued Interest Payable Compute the interest accrued on each of the following notes payable owed by Galloway, Inc., on December 31: Use 360 days for calculations and round to the nearest dollar. Lender Date of Note Principal Interest Rate (%) Term Barton December 04 $190,000 12% 120 days Lawson December 13 21,000 9% 90 days Riley December 19 240,000 10% 60 days