Assume that on July 1, 2021, Togo's Sandwiches issues a $1.08 million, one-year note. Interest is payable at maturity. 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.) Interest Rate Interest Expense 10 % Fiscal Year- End December 31 September 30 October 31 January 31 5 % 7 %