15-22 The Brant Group reported total interest expense for the year of $2,000. The table below provides the monthly balance of their long-term debt. Interest is paid monthly on the average daily balance during the month. The annual interest rate for the debt is 6%. Balance of long-term debt @ Jan 31 100,000 Balance of long-term debt @ Feb 28 90,000 Balance of long-term debt @ Mar 31 80,000 Balance of long-term debt @ Apr 30 70,000 Balance of long-term debt @ May 31 Balance of long-term debt @ June 30 85,000 90,000 Balance of long-term debt @ July 31 80,000 Balance of long-term debt @ Aug 31 70,000 Balance of long-term debt @ Sept 30 60,000 Balance of long-term debt @ Oct 31 Balance of long-term debt @ Nov 30 65,000 75,000 Balance of long-term debt @ Dec 31 50,000 Required: Based on the data provided, if you were auditing The Brant Group would you consider the reported interest expense fairly stated? Why or why not?