Kyle Company is buying a Widget from Smith Company. The original cost on January 1, 20X1 was $30,000. Kyle put no money down and is making annual payments each December 31st of $6,100,88 which include interest at 6%. If Kyle is properly amortizing this purchase, the interest expense for 20X2 (second year) is: Some other number $1,883.44 $1,800.00 $1,439.15 $1,541.95