Valley Ranch Incorporated borrowed $$274,000$ cash on October $1,2022,$ and signed a nine$-$month, $8\%$ interest$-$bearing note payable with interest payable at maturity. Assuming that adjusting entries have not been made during the year, the amount of accrued interest payable to be reported on the December $31,2022$ balance sheet is which of the following?

Multiple Choice

$$5,480.$

$$8,220.$

$2,740.$

$$3,288.$