Howard Raj started Raj Company on January 1, Year 1. The company experienced the following events during its first year of operation: Borrowed $3,900 cash from the bank. Adjusted the accounting records to recognize accrued interest expense on the bank note. The note, issued on August 1, Year 1, had a one-year term and a 8 percent annual interest rate. Required a. What is the amount of interest expense in Year 1? b. What amount of