Assume that on November 1, a company with a December 31 fiscal year-end borrows $100,000 cash for one year The annual interest rate is 12%. The interest is payable on April 30 and October 31 of the following year. The principal ($100,000) is payable at the maturity date, October 31 of next year. On November 1, the note is recorded in the accounts as follows: Dr. Cash $100,000 Cr. Note Payable $100,000 On December 31, April 30 and October 31 we would record the below Journal Entry: Dr. Interest Expense $XXX Credit Interest Payable (for December) or Credit Cash (when actually paid in April & October) $XXX Please calculate the interest expense for April 30th, assuming you've already recorded the adjusting journal entry for December 31 of the prior year. $2,000 $4,000 $6,000 O $10,000 $12.000