P 9-1A 4 The following information applies to the questions displayed below] Part 4 of S Tyrell Co. entered into the following transactions involving short-term liabilities in 2016 and 2017. 2016 Apr. 20 Purchased $35,500 of nerchandise on eredit from toeuat, terms n/30. Tyrell uses the perpetual May 19 Replaced the April 20 account payable to Locust witha 90-day, $35,000 note bearing 7e anual July 8 Borrowed $57,000 cash from NBR Bank by signing a 120-day, 128 interest-bearing note with a face vale inventory system interest along with paying $500 in cash of $57,000 2 Paid the amount due on the note to Locust at the maturity date. Nov. 28 Borrowed $27,000 cash from Pargo Bank by signing a 60-day, 71 interest-bearing note vith Dec. 31 Recorded an adjusting entry for accrued interest on the note to Pargo Bank. 2017 Paid the anount due on the sote to NBR Bank at the maturity date. face value of $27,000 Paid the amount due on the note to Fargo Bank at the maturity date. 4. Determine the interest expense to be recorded in 2017. (Do not round intermediate calculations and round your final answers to nearest whole dollar. Use 360 days a year.) to be n 2017 137 x 137