Required information [The following information applies to the questions displayed below] Tyrell Co entered into the following transactions involving short-term fiabilities in 2016 and 2017 2016 Apr. 20 Purchased $37,000 of merchandise on credit from Locust, teras 1/30. Tyrell uses the perpetual Inventory system. May 19 Replaced the April 20 account payable to Locust with a 90-day, 535,000 note bearing annual interest along with paying $2,000 in cash. July Gorrowed $54,000 cash from NR Bank by signing a 120-day, 10% interest-bearing note with a face value of 554,000 Paid the amount due on the note to Locust at the naturity date. Paid the amount due on the note to s tank at the maturity date. Nov. 28 Borrowed $24,000 cash from Fargo Bank by signing a 60-day, 6% Interest-bearing note with face value of $24,000 Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank 2017 Paid the sount due on the note to Fargo Bank at the naturity date: 4. Determine the interest expense to be recorded in 2017. (Do not round intermediate calculations and round your final answers to nearest whole dollar. Use 360 days a year.) Year and accrual required for Fargo Bank Time Principal Rate Interest Interest to be recorded in 2017