On September 1, 2020, Concord Corporation issued a note payable to Fidelity Bank in the amount of $2679000, bearing interest at 12%, and payable in three equal annual principal payments of $893000. On this date, the bank's prime rate was 13%. The first payment for interest and principal was made on September 1, 2021. At December 31, 2021, Concord should record accrued interest payable of $71440. $116090. $107160. $232180