Required information [The following information applies to the questions displayed below] Tyrell Company entered into the following transactions involving short-term llabilities. Year 1 Aprit 20 Purchased $38,500 of inerchandise on credit from Locust, terms n/30. May 19 Replaced the April 20 account payable to Locust with a 90 -day, 8%,$35,000 note payable atong with paying $3,500 in cash. July 8 Borrowed $54,000 cash from NBR Bank by $ igning a 120-day, 128,$54,000 note payable. - Paid the amount due on the note to Locust at the maturity date. November 28 Paid the amount due on the note to NBR Bank at the maturity date. $33,000 cash from Fargo Bank by signing a 68 -day, 78,$33,000 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. Determine the interest expense recorded in Year 2. ote: Do not round intermediate calculations and round your final answers to nearest whole dollar. Use 360 days a year