Required information Problem 9-1A (Algo) Short-term notes payable transactions and entries LO P1 [The following information applies to the questions dispiayed below] Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 Apr $20 Porchased $38,000 of merchandfse an credit from Locust, terms: 730 . Mry 19 Replaced the April 20 account payable to Locust włth a 90-day, 7., \$35, 600 note payable along with payling $3,000 in cash. July b boerowed 857,060 cash from NeR Bank by signing a 120-day, 10x, 357,600 note payab2e, - Paid the amount due on the note to Locust at the maturfty Bate. becenber 31 flecoried $24,000 cash from fargo tlank by signing a 69−day,78,$24,000 note payeble. Yeor 2 - P. Bald 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 . (Do not round inteemediate calculations ond round your final answers to nearest whole dollar. Use 360 deys a yeara)