At the beginning of the year, Twain Company entered into a $5-$year lease that is classified as a finance lease. The present value of the lease payments at the commencement date was $$35,720.$ Twain also made the first payment of $$8,000$ on the commencement date. The interest rate implicit in the lease is $6\%.$ What is the amount of interest expense Twain will record in year $1?$

$2,143$

$1,663$

$2,400$

$0($Incorrect$)$