Emma Company purchased a machine from Noah Corporation on October 31, 2016. In payment for the $140,300 purchase, Emma issued a one- year installment note to be paid in equal monthly payments of $12,863 at the end of each month. The payments include interest at an annual rate of 18% When recording the December 31, 2016 payment, the Debit to Interest expense will be? $ tion 8 0.2 out of 0.2 points Pope Industries purchased a machine from Fitz Corporation on October 1, 2016. In payment for the $242,900 purchase, Pope issued a two year installment note to be paid in equal semi-annual payments at the end of each 6 month period. The payments include interest at an annual rate of 12%. Each installment payment will be $