The Eldorado Corporations controller prepares adjusting entries only at the end of the reporting year. The following adjusting entries were prepared on December 31, 2024: Debit Credit Interest expense 27,000 Interest payable 27,000 Rent expense 28,125 Prepaid rent 28,125 Interest receivable 930 Interest revenue 930 Additional information: The company borrowed $360,000 on March 31, 2024. Principal and interest are due on March 31, 2025. This note is the companys only interest-bearing debt. Rent for the year on the companys office space is $37,500. The rent is paid in advance. On October 31, 2024, Eldorado lent money to a customer. The customer signed a note with principal and interest at 10% due in one year. Required: What is the interest