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

Year $1$

April $20$ Purchased $$40,250$ of merchandise on credit from Locust, terms $\frac{n}{30}.$

May $19$ Replaced the April $20$ account payable to Locust with a $90-$day, $10\%,$$$35,000$ note payable along with paying $$5,250$ in cash.

July $8$ Borrowed $$80,000$ cash from NBR Bank by signing a $120-$day, $9\%,$$$80,000$ 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 $\frac{?}{\text{b}\text{a}\text{r}}(28)$ Borrowed $$42,000$ cash from Fargo Bank by signing a $60-$day, $8\%,$$$42,000$ 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.

$4.$ Determine the interest expense recorded in Year $2.$

Note: Do not round your intermediate calculations. Use $360$ days a year.

$\backslash$table$[[$Year End Accrual Required For:,Fargo Bank$],[,$Principal,$,$Rate,$,$Time,$=,$Interest$],[$Interest to be recorded in Year $2,,,,\%,,,=$