Tyrell Co. entered into the following transactions involving short-term liabilities. Year 1 Apr. 20 Purchased $35,588 of merchandise on credit from Locust, terns n/3e. May 19 Replaced the April 28 account payable to locust with a 90-day, 9%, $35,000 note payable along with paying $500 in cash July 8 Borrowed 554.ee cash from NBR Bank by signing a 120-day, 11%, 354,000 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. Nov. 28 Borrowed $24,000 cash from Fargo Bank by signing a 60-day, 8%, $24.ee note payable. Dec.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. 4. Determine the interest expense recorded in Year 2. (Do not round Intermediate calculations and round your final answers to nearest whole dollar. Use 360 days a year.) Year End Accrual Required for Principal X Rate Fargo Bank Time 4 interest 1 to be recorded in your