On July 3, Jones Inc. issued an $88,200, 9%, 120-day note payable to Miler Company. Assume that the fiscal year of Jones ends on July 31. Using the 360 day year, what is the amount of interest expense recognized by Jones in the current fiscal year? Round your answer to the nearest whole dollar. Os. $507 Ob. $1.103 Oc. $662 Od. $1,323