41) On January 1, Year 1, Echols Company borrowed $100,000 cash from Sun Bank by issuing a 5-year, 8% term note. The principal and interest are repaid by making annual payments of $25.045.65 beginning on December 31, Year 1. What portion of the December 31 , Year 1 payment would be applied to principal? A) $20,000.00 C) $25,045.65 B) $8,000.00 D) $17,045.65