On July $8,$ Jones Inc. issued an $$62,400,8\%,120-$day note payable to Miller Company. Assume that the fiscal year of Jones ends on July $31.$ Using the $360-$day year, what is the amount of interest expense recognized by Jones in the current fiscal year? Round your answer to the nearest whole dollar.

a$.$ $$832$

b$.$ $$319$

c$.$ $$416$

d$.$ $$693$