At January 1, 2021, Han Merchants had a balance in the Interest Payable account for several notes it had signed and given to suppliers in exchange for outstanding accounts payable. The following table contains the details of the notes payable and the balance of the interest accrued on each note as at the end of the last fiscal year, December 31, 2020. Supplier Note Principal Interest Rate Issue Date Term Interest Accrued 1 Tessier Inc. $5,400 6% Nov. 1, 2020 3 months $54.00 2 Wolde Inc. 6,300 4.5% Nov. 30, 2020 5 months 23.63 3 Deng Inc. 10,200 7% Dec. 1, 2020 1 year 59.50 Total $137.13 All notes require that the interest be paid at the maturity of the note. All notes and interest were paid on time. Han prepares adjusting entries at the end of its calendar fiscal year. Additional transactions of 2021: Mar. 1 Signed a $11,100, one-year, 6% note to Lalonde Ltd. in settlement of an accounts payable. Interest is due at maturity. Oct. 30 Signed a $4,500, three-month, 4.5% note to Hanover Ltd. in settlement of an accounts payable. Interest is due at maturity. What amount will appear under interest expense for Han's income statement for the year ended December 31, 2021? Where will this amount be classified on the income statement? (Round answer to 2 decimal places, e.g. 52.76.) Interest expense Income Statement Classification Amount $