An installment note yable for a principal amount of $94,000 at 6% interest requires Lawson Company to repay the principal and interest in equal annual payments of $22,315 beginning December 31, of the first year, for each of the next 5 years. After the final payment, the carrying amount on the note will be Oa. $22,315 Ob. $1,261 Oc NLM) Od. so