Assume that on July $1,2024,$ Togo's Sandwiches issues a $$2\mathrm{.}86$ million, one$-$year note. Interest is payable at maturity.

Required:

Determine the amount of interest expense that should be recorded in a year$-$end adjusting entry under each of the following

independent assumptions: $($Enter your answers in dollars, not in millions. Do not round intermediate calculations. Round your

answers to the nearest dollar amount.$)$