Tytus Co. entered into the following transactions involving short-term liabilities in 2010 and 2011.
2010
Apr. 20 Purchased $38,500 of merchandise on credit from Frier, terms are 1/10, n/30. Tytus uses the perpetual inventory system.
May 19 Replaced the April 20 account payable to Frier with a 90-day, $30,000 note bearing 9% annual interest along with paying $8,500 in cash.
July 8 Borrowed $60,000 cash from Community Bank by signing a 120-day, 10% interest-bearing note with a face value of $60,000.
__?__ Paid the amount due on the note to Frier at the maturity date.
__?__ Paid the amount due on the note to Community Bank at the maturity date.
Nov. 28 Borrowed $21,000 cash from UMB Bank by signing a 60-day, 8% interest-bearing note with a face value of $21,000.
Dec. 31 Recorded an adjusting entry for accrued interest on the note to UMB Bank.
2011
__?__ Paid the amount due on the note to UMB Bank at the maturity date.
Determine the interest expense to be recorded in 2011.