On May 1, Lectric Industries issued 9-month notes in the amount of $55.2 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 8% 1. Fiscal year-end January 31 October 31 Interest expense million million 2 10% 3. June 30 9% 13% million million 4. December 31