On December $1,$ Victorla Company signed a $90-$day, $7\%$ note payable, with a face value of $$8,400.$ What amount of interest expense is accrued at December $31$ on the note? Note: Use $360$ days a year.

Multiple Choice

$$ $$98$

$$ $$147$

$$ $$49$

$$ $o

$$

$$588$