3: Eman Corp. owes 225,000 to First Trust. The debt is a 10-year, 12% note due December 31, 2017. Because Eman Corp. is in financial trouble, First Trust agrees to extend the maturity date to December 31, 2019, reduce the principal to 185,000, and reduce the interest rate of 5%, payable annually on December 31. Eman's, market rate of interest is 8%. PVF 0.85734, PVF-OA=1.78326. Compute interest expense on December,31/2019. Round the answer to the nearest dollar