2 S& Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does ny indicate completion. T OS Environmental provides cost-effective solutions for managing regulatory requirements and environmental needs specific to the airline industry. Assume that on July 1 the company issues a one-year note for the amount of $40 milion Inserest is payable at maturity Required: Determine the amount of interest expense that should be recorded in a ye independent assumptions: (Enter your answers in dollars, not in million Answer is not complete. reach of the following 5,000,000) Interest Rate Fiscal Year-End Interest Expense 10% December 31 200.000 O 2 11% September 30 3. 12% October 31 4 6% January 31 Next 2