Required information The following information applies to the questions displayed below) Tyrell Co, entered into the following transactions involving short-term liabilities Year 1 Apr. 20 Purchased $36,500 of merchandise on credit from locust, terns / May 19 Replaced the April 20 account payable to Locust with a 90-day, 9, $35,000 note payable along with paying $1,500 in cash. July & Borrowed 554,000 cash free Bank by signing 120-day, 115, $54,000 note payable. Paid the amount due on the note to Locust at the maturity date. Paid the sedunt due on the note to NER Bank at the maturity date. Nov. 28 Borrowed $24,000 cash from Fargo Bank by signing 6-day. 75, $24,000 note payable Dec. 31 Recorded an adjusting entry for accrued interest on the note to Targo Bank Year 2 Pald 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) Year end accrual required for Principal Fargo Bank Time Rate Interest Interest to be recorded to You 2