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 $4.6 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).)

\begin{tabular}{|c|c|c|c|} \hline & Interest Rate & Fiscal Year-End & Interest Expense \\ \hline 1. & 10% & December 31 & \\ \hline 2. & 11% & September 30 & \\ \hline 3. & 12% & October 31 & \\ \hline 4. & 6% & January 31 & \\ \hline \end{tabular}