GH Environmental provides cost$-$effective solutions for managing regulatory requirements and environmental needs specific to the airline industry. Assume that on July $1$ the company issues a one$-$year note for the amount of $$4\mathrm{.}8$ million. Interest is payable at maturity.

Required:

Determine the amount of interest expense that should be reported in the year$-$end income statement under each of the following independent assumptions: $($Enter your answers in dollars, not millions $($i$.$e$.5\mathrm{.}5$ million should be entered as $5,500,000).)$Interest Rate Fiscal Year$-$End Interest Expense

$1.12\%$ December $31$

$2.10\%$ September $30$

$3.9\%$ October $31$

$4.6\%$ January $31$