On June 30, 2021, Chu Industries issued 9-month notes in the amount of $690,000. Assume that interest is payable at maturity in the following three independent cases: Required: Determine the amount of interest expense that should be accrued in a year-end adjusting entry under each assumption: (Round your final answers to the nearest whole dollar amount.) Interest Expense Interest Rate 8% 1. Fiscal Year-End December 31 August 31 October 31 2. 5% 3. 11%