Haystack, Inc. manufactures machinery used in the mining industry. On January $2,2025$ it leased equipment to Silver Point Co in a $5-$year lease that requires equal annual payments of $$180,855$ on January $1$ of each year with the first payment due on January $2,2025.$ Silver Point's incremental borrowing rate is $10\%.$ The rate implicit in the lease is $8\%,$ which is known to Silver Point Co$.$ What is the amount of interest expense recorded by Silver Point Co$.$ for the year ended December $31,2025?$

$\backslash$table$[[,$PV Annuity Due,PV Ordinary Annuity,PV Single Sum$],[8\%,5$ periods,$4\mathrm{.}31213,3\mathrm{.}99271,\mathrm{.}68508],[10\%,5$ periods,$4\mathrm{.}16986,3\mathrm{.}79079,\mathrm{.}62092]]$

A$)$ $$47,929$ CORRECT ANSWER

B$)$ $$78,000$

C$)$ $$56,160$

D$)$ $$62,400$

Please show work