I Ihe rollowing intormation applies to the questions arsplayea delow, Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 April 20 purchased $37,000 of merchandise on credit fron Locust, termn n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 71, $35,000 note payable along with paying $2,000 in cash. July 8 Borrowed $66,000 canh fron NBe Bank by signing a 120-day, 11t, $66,000 note payable. ? - Paid the amount dae on the note to Locust at the maturity date. November 28 Paid the amount due on the note to NBr Bank at the maturity date. $24,000 cots December 31 Recorded an adjunting fron Fargo bank by signing a 60-day, 91, \$24,000 note payable. Year 2 - 7. Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9-1A (Algo) Part 4 4. Determine the interest expense recorded in Year 2. Note: Do not round intermediate calculations and round your final answers to nearest whole dollar. Use 360 days a year