3 A company borrows $86,500 on August 1 from a bank. It signs a $86,500, 12%, 18-month note. How much interest expense should the company record on December 31 if the company uses a calendar year-end and records adjusting entries only at year-end? O $10,380 O $2,883 O $3,240 2.5 pts O $4,325 O $2,655