On September $1,2027,$ Barclay Spa borrowed $$500,000$ to renovate the massage therapy area of the facility. The terms of the loan were $6\%$ annually over $10$ years. Determine how the accrued interest would appear on Barclay's budgeted balance sheet at December $31,2027.$

Interest Expense $-$$$10,000$

Interest Payable $-$$$10,000$

Interest Expense $-$$$12,000$

Interest Payable $-$ $$12,000$