On the first day of the fiscal year 1 , Shiller Company borrowed $90,000 by giving a 7 -year, 7\% installment note to Soros Bank. The note requires annual payments of $16,699.79 with the first payment occurring on the last day of the fiscal year. Using the effective interest method, what is the interest expense for Shiller for fiscal year 2? On the first day of the fiscal year 1 , Shiller Company borrowed $90,000 by giving a 7 -year, 7\% installment note to Soros Bank. The note requires annual payments of $16,699.79 with the first payment occurring on the last day of the fiscal year. Using the effective interest method, what is the interest expense for Shiller for fiscal year 2