On September $1,$ Year $1,$ Select Company borrowed $$700,000$ from a bank and signed a $9\%,$ six$-$month note payable, with interest on the note due at maturity. the company has a calendar year$-$end. the total amount of the liability $($including the interest payable$)$ relating to this loan that will be shown in the company's statement of financial position $($balance sheet$)$ at december $31,$ year $1,$ equals:

A$.$ $$763,00$

B$.$ $$721,000$

C$.$ $$731,000$

D$.$ $$700,000$