On September 1, 2017, Sheridan Company issued a note payable to Fidelity Bank in the amount of $2710000, bearing interest at 9%, and payable in three equal annual principal payments of $ 894000. On this date, the bank's prime rate was 10%. The first payment for interest and principal was made on September 1, 2018. At December 31, 2018, Sheridan should record accrued interest payable of