On September 1, 2012, a company borrowed $600,000 at an annual interest rate of 6% by issuing a note. The repayment schedule calls for six annual principal repayments of $100,000 each August 31 until fully repaid. Additionally, interest is paid annually on every August 31st. The company has a December 31 year-end. What's the interest payable in current liabilities on the balance sheet at Dec 31, 2016?