Question: On September 1 , 2 0 2 0 , Coffee Ltd . issued a $ 1 , 8 0 0 , 0 0 0 ,

On September 1,2020, Coffee Ltd. issued a $ 1,800,000,12% note to Humungous Bank, payable in three equal annual principal payments of $ 600,000. On this date, the bank's prime rate was 11%. The first payment for interest and principal was made on September 1,2021. At December 31,2021, Coffee should record accrued interest payable of
a)$ 72,000.
b)$ 66,000.
c) $ 48,000.
d)$ 44,000.

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