Use the following to answer questions 11 13|| MM Environmental provides cost effective solutions for managing regulatory requirements and environmental needs specific to the Airline industry. Assume that on July 1st, the company borrows $1,000,000 by issuing a one- year note, simple interest. Interest is payable at maturity. 11. $ _Determine the amount of interest expense that should be recorded in a year-end adjusting entry assuming a 5.25% interest rate and a fiscal year-end September 30. 12. $ _Determine the amount of interest expense that should be recorded in a year-end adjusting entry assuming a 4.5% interest rate and a fiscal year-end December 31. 13. $. _Determine the amount of interest expense that should be recorded in a year-end adjusting entry assuming a 3.5% interest rate and a fiscal year-end March 31