1 pts Question 7 A company borrowed money from a bank on September 30, 2019. The bank is charging an annual interest rate of 12%, to be compounded semi-annually. The loan will be repaid on March 31, 2021 in the amount of $71,461, which includes interest of $11,461. How much interest expense is recorded on September 30, 2020? HINT, from the previous question, any amount that we repay that is in excess of the amount borrowed is the interest incurred on the debt, so if we repay $71,461, of which $11.461 is interest, the original amount borrowed on September 30, 2019, must have been $60,000