On a whim, on November 1st, StickyColor Company decided to borrow $24 million dollars to expand the production of their number #1 bestseller, gummy worms.

StickyColor used a line of credit they established a while back with their bank - GooeyBank, Inc. This was a 9-month, 12% promissory note with the interest and principal due at maturity.

StickyColor has a fiscal period that ends December 31st. Based on this information, what should they create an adjusting entry for their interest expense on December 31: