Determine the interest expense recorded in year 2.

Required information [The following information applies to the questions displayed below.] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 Purchased $40,000 of merchandise on credit fron Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90day,72,$35,000 note payable along with paying $5,000 in cash. Juty 8 Borrowed $54,600 cash from NBR Bank by signing a 120-day, 11\%, $54,000 note payable. -? Paid the amount due on the note to Locust at the maturity date. Paid the amount due on the note to NOR Bank at the moturity date. Novenber 28 Borrowed $21,000 cash from Fargo Bank by signing a 60-day, 64, $21,000 note payable. December 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank. Year 2 -7. Paid the amount due on the note to Fargo Bank at the maturity date. 4. Determine the interest expense recorded in Year 2. (Do not round intermediate calculations and round your final answers to nearest whole dollar, Use 360 days a year.)