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During the past few years, Tyson Company has taken out the following loans from the bank: 1. On April 1, 2033, Tyson Company borrowed $28,320

During the past few years, Tyson Company has taken out the following loans from the bank: 1. On April 1, 2033, Tyson Company borrowed $28,320 on a 10%, 10-month note payable 2. On May 31, 2033, Tyson Company borrowed $17,900 on a 15%, 6-month note payable 3. On June 1, 2034, Tyson Company borrowed $50,400 on a 13%, 8-month note payable 4. On July 31, 2034, Tyson Company borrowed $32,100 on an 8%, 4-month note payable Calculate the total amount of (interest expense) related to these four loans that Tyson Company would report in its 2034 income statement.

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