6. Straight Industries purchased a large piece of equipment from Curvy Company on January 1, 2019. Straight Industries signed a note, agreeing to pay Curvy Company $340,000 for the equipment on December 31, 2021. The market rate of interest for similar notes was 10%. The present value of $340,000 discounted at 10% for four years was $232,225. On January 1, 2019, Straight Industries recorded the purchase with a debit to equipment for $232,225 and a credit to notes payable for $232,225. On December 31, 2019, Straight recorded an adjusting entry to account for interest that had accrued on the note. Assuming no adjusting entries have been made during the year, the interest expense accrued at December 31, 2019 is closest to: