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JB Environmental provides cost - effective solutions for managing regulatory requirements and environmental needs specific to the airline industry. Assume that on July 1 the

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 $5.1 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).)
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