OS Environmental provides cost-effective solutions for managing regulatory requirements and environmental needs specific to the airline industry. Assume that on July 1 the company Issues a one-year note for the amount of $5.5 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 dollars, not in millions (l.e. 5 should be entered as 5,000,000).) Interest Rate Fiscal Year-End Interest Expense 1. 10% December 311 2. 11% ces 3. 12% 4. 0% September 30. October 31 January 31