[The following information applies to the questions displayed below.]

Tyrell Company entered into the following transactions involving short-term liabilities.

Year 1

April 20 Purchased $37,500 of merchandise 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 along with paying $2,500 in cash.

July 8 Borrowed $69,000 cash from NBR Bank by signing a 120-day, 11%, $69,000 note payable.

__?__ Paid the amount due on the note to Locust at the maturity date.

__?__ Paid the amount due on the note to NBR Bank at the maturity date.

November 28 Borrowed $24,000 cash from Fargo Bank by signing a 60-day, 7%, $24,000 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.

Problem 9-1A (Algo) Part 4

4. Determine the interest expense recorded in Year 2.

Note: Do not round intermediate calculations and round your final answers to nearest whole dollar. Use 360 days a year.

Problem 9-1A (Algo) Short-term notes payable transactions and entries LO P1 [The following information apglies fo the guestions displyyed belowy/ Tyrell Company entered into the following transactions involving shortsterm liabilities. Year 1 April 20 Furchased 537,580 of merehandise on eredit fren tocust, tetne cha. May 19. Hoplaced the Apeil 20 acecuat payable to tecost with a ho-kay. 45 , 535,000 sote payable aleos with payling 52,506 in eaub. July \& Dorrowed 959,000 cash froe wak Bank by pigning a 120-4ky, Its, 55%,000 note peyable. 77 - Fald she anount doe on the note to toeut at the naturity dute. Faid the anoust, doe es the note so was mank at tso naterity date. Hovenber:28 Borroved $24,050 eash fren rargo fask by sighing a 60day,76,524,600 sate payable. Doceeber. 31 Mecorded an adjuating eatry for acerved interent on the hete te Fargo llank. Year 2 -T. Vaid the amount due oo the note to Rargo Dank at the natiarity date. Problem 9-1A (Algo) Part 4 4. Determine the interest expense recorded in Year 2 . Note: Do not round intermediate calculations and round your final answers to nearest whose dotiac, Use 360 days a yeac