Required information [The following information applies to the questions displayed below.] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 Apri1 26 Purchased $38,500 of nerchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90-day, 7%,535,60 note payable along with paying $3,500 in cash. July 8 8orrowed $63,0e0 cash from NeR Bank by signing a 12e-day, 12%, $63, eee note payable. - Paid the amount due on the note to Locust at the maturity date. Paid the anount due on the note to NBR Bank at the maturity date. Novenber 28 Borrowed $36,080 cash fron Fargo Bank by signing a 60day,7%,$36, e9e note payable. Decenber 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. Year 2 -? Paid the amount due on the note to Fargo Bank at the maturity date. 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.)