On July 8, Jones inc. issued an $77,600,11%,120-day note payable to Miller Company. Assume that the fiscal year of Jones ends July 31. Using a 360 day yeac, what is the amount of interest expense recognized by Jones in the current fiscal yean when required, round your answer to the nearest dollar. a. 51.635 b. 11090 c. 43.536 d. 5345