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38) On September 1, 2019, Tom company borrowed on a P1,650,000 note payable from ABN Bank. The note bears interest at 12% and is payable in three equal annual payments of P550,000. On this date, the bank's prime rate is 11%. The first annual payment for interest and principal was made in September 1, 2020. At December 31, 2020, what amount should Tom company report as accrued interest payable