Lott Brothers issued 9-month notes in the amount of $66.0 million on May 1. The interest payment is due at maturity.

Required:

Assuming all the below are INDEPENDENT situations, what is the amount of interest expense that should be recorded in a year-end adjusting entry?

Note: Enter your answers in millions rounded to 1 decimal place (i.e., 10,100,000 should be entered as 10.1).

Assumption	Interest rate	Fiscal year-end	Interest expense
1.	7%	January 31		million
2.	9%	October 31		million
3.	8%	June 30		million
4.	12%	December 31		million