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Required information Problem 9-1A (Algo) Short-term notes payable transactions and entries LO P1 [The following information applies to the questions displayed below.] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 Apri1 20 Purchased $37,500 of merchandise on eredit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 88,$35,000 note payable along with paying $2,500 in cash. July 8 Borrowed $57,000 cash from NBR Bank by signing a 120-day, 118, $57,000 note payable. -? Paid the amount due on the note to Locust at the maturity date. November - Paid the amount due on the note to NBR Bank at the maturity date. Decesber 31 Borrowed $30,000 cash from Fargo Bank by signing a 60-day, 78,$30,000 note payable. Year 2 - 2 Paid the amount due on the note to Fargo Bank at the maturity date. Problem 9-1A (Algo) Part 4 4. Determine the interest expense recorded in Year 2. (Do not round intermediate calculations and round your final answers to nearest whole dollar. Use 360 days a year.) Year 1 April 20 Purchased $37,500 of merchandise on eredit froe Locust, terms n/30. May 19 Replaced the Apri1 20 account payable to Locust with a 90-day, 81,535,000 note payable along with paying $2,500 in eash. Joly 8 Borroved $57,000 eash from Nas Bank by Migning a 120-day, 111, $57,000 note payable. -? Paid tbe anount due on the note to Locust at the maturity date, Yovenher 28 Pard the anount due on the note to wacuse Bank at the maturity date. Deceaber. 11 recorded an adjusting from Fargo Bank by signing a 60-day, 71, $30,000 note payable. Year 2 - 7 - Pald the anount due on the note to Fargo Bank at the maturity date. Problem 9-1A (Algo) Part 4 4. Determine the interest expense recorded in Year 2. (Do not round intermediate calculations and round your final answers to nearest whole dollar, Use 360 days a year.)