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Tyrell Company entered into the following transactions involving short$-$term liabilities.

Year $1$

April $20$ Purchased $$39,500$ of merchandise on credit from Locust, terms $\frac{n}{30}.$

May $19$ Replaced the April $20$ account payable to Locust with a $90-$day, $8\%,$$$35,000$ note payable along with paying $$4,500$ in cash.

July $8$

Borrowed $$63,000$ cash from NBR Bank by signing a $120-$day, $12\%,$$$63,000$ note payable.

$?$ Paid the amount due on the note to Locust at the maturity date.

Paid the amount due on the note to NBR Bank at the $-?$ maturity date.

November $28$ Borrowed $$24,000$ cash from Fargo Bank by signing a $60-$day, $7\%,$$$24,000$ note payable.

December $31$ Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

Year $2$

$?$ Paid the amount due on the note to Fargo Bank at the maturity date.

$7.$ Determine the interest expense recorded in Year $2.$

Vote: Do not round intermediate calculations and round your final answers to learest whole dollar. Use $360$ days a year.

$\backslash$table$[[$Year End Accrual Required For:,Fargo Bank$],[$Principal$,,$Rate,$,$Time,$=,$Interest$],[$Interest to be recorded in Year $2,,1,\%,,,=,]]$