Debra Gary and Mary Crawford borrowed $$12,000$ on a $7-$month, $7\%$ note from Gem State Bank to open their business, Cullumber's

Coffee House. The money was borrowed on June $1,2027,$ and the note matures January $1,2028.$

Assuming adjustments are made at the end of each month, determine the balance in the Interest Payable account at December $31,2027$

Balance in Interest Payable account $=?$