Ivanhoe Company sells land with a book value of $181250 to Metlock Corp. in exchange for a $290000 zero-interest-bearing note payable in 3 years. The market rate of interest for a transaction of this nature for Metlock is 8%. The present value of 1 at 8% for 3 years is 0.7938 and the present value of an ordinary annuity of 1 at 8% for 3 years is 2.5771. If the sale occurred on January 1 and the fiscal year ends on December 31, to which of the following is the amount of the adjusting journal entry amount for interest revenue at the end of the first year using the effective-interest method closest? O $18416. O $23200. O $11510. $14500.