ABC (Pty) Ltd is a lessee equipment, the company's year ended is 31 December 2021. On 1 January 2021 the company entered into the following lease: The lessee has signed a non-cancellable lease agreement with a lessor for equipment over a period of 5 years, 5 annual lease instalments of R15 000 are payable in advance on the first day of January each year. The implicit interest rate is 10% per annum. The lease lability is correctly calculated at R47 548. Round all calculations to the nearest rand. Calculate the interest for year 2023 (C in the table below). Effective interest rate table 0 Years Balance (start) Interest Lease Payment Balance (end) 2021 A 2022 B 2023 2024 Select the correct option for C below. I. 12 604 II. 2 430 111. 14 755 IV. 3 470 V. None of the answers are correct