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Required information [The following information applies to the questions displayed below] Tyrell Company entered into...

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Required information [The following information applies to the questions displayed below] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $38,500 of merchandise on credit from Locust, terms n/36. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 8%,$35,000 note payable along with paying $3,500 in cash. July 8 Borrowed $63,000 cash from NBR Bank by signing a 120-day, 118,$63,000 note payable. - ? - Paid the amount due on the note to Locust at the maturity date. - ? Paid the amount due on the note to NBR Bank at the naturity date. November 28 Borrowed $21,000 cash fron Fargo Bank by signing a 60 -day, 78,$21,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 -? Paid the amount due on the note to Fargo Bank at the naturity date. 1. Determine the interest expense recorded in Year 2. Note: Do not round intermediate calculations and round your final answers to nearest whole dollar. Use 360 days a year

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