Crane Services borrowed $1350000 from Bramble County Bank on January 1, 2026, in order to expand its data mining capabilities. The 5-year note required annual payments of $316138 and carried an annual interest rate of 5.5%. What is the balance in the notes payable account on December 31, 2026, after the annual payment? $1108112 O $1033862 $1350000 O $1275750

Crane Services borrowed $1350000 from Bramble County Bank on January 1.2026, in order to expand its data mining capabilities. The 5 year note required annuat payments of $316138 and carried an aninuat interest cate of 5.5%. What is the balance in the notes payable account on December 31, 2026, after the annual payment? $1108112 $1033862 $1350000 $1275750