ABC Co$.$ borrowed $$25,000$ on August $31,2020$ and signed a one$-$year, $5\%,$ interest bearing note payable with interest to be paid at maturity. What amount of accrued interest payable should be recorded on the December $31,2020$ year$-$end Balance Sheet?$$

Group of answer choices

$$521$

$$417$

$$556$

$$1250$