Carla Vista Co. borrowed $1700000 from BankTwo on January 1, 2019 in order to expand its mining capabilities. The 5-year note required annual payments of $442742 and carried an annual interest rate of 9.5%. What is the amount of expense Carla Vista must recognize on its 2020 income statement? O $105525. O $134782. O $161500. O $119438.

Carla Vista Co. borrowed $1700000 from BankTwo on January 1,2019 in order to expand its mining capabilities. The 5-year note required annual payments of $442742 and carried an annual interest rate of 9.5%. What is the amount of expense Carla Vista must recognize on its 2020 income statement? $105525. $134782. $161500. $119438