Andrews Inc issues a $746,100, 10% 3 year notes payable on January 1, 2010. The note will be epaid in thfee annual installments of $300,000, each payable at the end of the year. What is the amount of interest expense that should be recorded by Andrews Inc. in the second year (i.e. on the income statement for the year ended December 31, 2011) $74610 $52071 $34,714 $30000 None of the above