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Kieso Company borrowed $690,000 for six months. The annual interest rate on the loan was 12%. Kieso's fiscal year ends on December 31. Kieso borrowed

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Kieso Company borrowed $690,000 for six months. The annual interest rate on the loan was 12%. Kieso's fiscal year ends on December 31. Kieso borrowed me $690,000 one month prior to the end of its last fiscal year and paid the $690,000 plus interest back five months into its current fiscal year. How much interest expense, if any would Kieso report at the end of its last fiscal year and at the end of its current fiscal year

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