Computing Accrued Interest Compute the interest accrued on each of the following notes receivable held by Galloway, Inc., on December 31: (Use 360 days for interest calculation. Round to the nearest dollar.) Interest Rate Term Date of Maker Note Barton December 04 Lawson December 13 Riley December 19 Principal $80,000 104,000 89,000 5% 120 days 4% 90 days 3% 60 days Barton 302 X Lawson 1,026 x Riley 439 x