Question 62 1.49 pts On July 6, Long Company issued an $80,000, 6%, 90-day note payable to Short Company. Assume that the fiscal year of Long Company ends July 31. Using the 360-day year in your calculations, what is the amount of interest expense recognized by Long Company in the current fiscal year? $80.00 $333.33 $400.00 $1,200.00