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 $5.4 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 (i.e. 5 should be enteredlas 5,000,000).) 1 2 3 Answer is complete but not entirely correct. Interest Rate Fiscal Year-End Interest Expense 11% December 31 $ 5,400,000 9% September 30 s 5,400,000 10% October 31 S 5,400,000 7% January 31 5,400,000 4 3