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 $5.5 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. 5.5 million should be entered as 5,500,000).)

	interest rate	fiscal year end	interest expense
1.	10%	December 31
2.	11%	September 30
3.	12%	October 31
4.	6%	January 31