Kylie, Inc is buying a camel. The original cost on January 1, 2018 was $10,000. Kylie put $1500 down and is making annual payments on December 31 of $1838.68 which include interest at 8%. If Kylie is properly amortizing this purchase, the interest evpense for 2018(first year) is

Kylie, Inc. is buying a camel. The original cost on January 1, 2018 was $10,000. Kylie put $1,500 down and is making annual payments on December 31st of $1,838.68 which include interest at 8%. If Kylie is properly amortizing this purchase, the interest expense for 2018 (first year) is $ 1,351.48 $ 587.31 $ 680.00 $ 487.20 Some other number OC