JB 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{.}0$ 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:

a$)$ Liabilities to decrease by $$107,100.$

b$)$ Liabilities to decrease by $$105,700$ and stockholders$$ equity to decrease by $$1,400.$

c$)$ Liabilities to decrease by $$105,000$ and stockholders$$ equity to decrease by $$4,200.$

d$)$ Liabilities to decrease by $$107,800$ and stockholders$$ equity to decrease by $$1,400.$