Roquired information (The following informabion applies to the questions displayed below] Tyrell Company entered into the following transactions involving short-1erm liablities: Apri1 20 Purehaned 536,500 of merehandine on aredit trom Loeuak, termi nt30. Yoar 1 July 8 Dorrowod $69,000 cash from Mar nank by algning a 120-day, 103, 669, 000 not.e paynble. With paying $1,500 in cash. Pald the amount due on the note to tork bank at the maturity date. November 28 norrowed $21,000 eanh from Fargo bank by aigning a 60-day, 74, 521 , 000 note payable. Wovember 28 norrowed $21, 000 canh from Fargo bank by aigning a 60day, The the Fak. Yoar 2 ? Paid the amount due on the note to Fargo Bank at the maturity date. Determine the interest expense recorded in the adjusting entry at the end of Year 1 . (Do not round intermediate calculations an und your final answer to nearest whole dollar. Use 360 days a year.)