On July 31, 20x1, the McGyver Company borrowed $511239 from one of its customers and issued a note payable for the amount. The interest, payable annually is 8%. The balance of the note is payable on July 31, 20:21. The company's year- end is December 31 What is the interest expense to record for the year ended December 31, 20x1? Select one: Oa. $ 12270 Ob $ 23858 Oc $ 17041 O d. 5 25562 Check