On November 1, Epic Distributors borrowed $24 million cash to fund an expansion of its focities. The loan was made by ww Banc Corp under a short tet line of credit Epic ssued - month, 12% promissory note. Interest was payable at matutry. Eple's fiscal period is the calendar year in Epic's adjusting entry for the note on December 31 Interest expense will be Multle Choice $240,000 $0 5480.000 $540 000