On September 1, 2017, Oriole Company issued a note payable to National Bank in the amount of $1480000, bearing interest at 9%, and payable in three equal annual principal payments of $560000. On this date, the bank's prime rate was 8%. The first payment for interest and principal was made on September 1, 2018. At December 31, 2018, Oriole should record accrued interest payable