On October 1, 2016, Parton Industries borrowed $12 million cash to provide working capital. The loan was made by Second Bank under a short-term line of credit. Parton issued an 8-month, "noninterest-bearing note." 8% is the bank's stated "discount rate." Parton's fiscal period is the calendar year in Parton's 2016 Income statement interest expense for the note will be: Multiple Choice o o o o $480,000 011-1*&OGEW