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? $2,883 $3,240 $4.325 $10,380 2.5 pts $2,655 m A