On September 1, 2010, JoCo. issued a note payable to U Bank in the amount of $600,000, bearing interest at 12%, and payable in three equal annual principal payments of $200,000. On this date, the U bank's prime rate was 11%. The first payment for interest and principal was made on September 1, 2011. At December 31, 2011, JoCo should record accrued interest payable of______