On May 1, Lectric Industries issued 9-month notes in the amount of $61.2 million. Interest is payable at maturity. Required: Determine the amount of interest expense that should be recorded in a year-end adjusting entry under each of the following Independent assumptions: (Enter your answers in millions rounded to 1 decimal place (i.e., 10,100,000 should be entered as 10.1).) Interest rate 1. 6% Fiscal year-end January 31 2. 8% October 31 3. 7% June 30 4. 11% December 31 Interest expense million million million million