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 20X8 (first year) is

A) $ 1,351.48

B) $ 587.31

C) $ 680.00

D)$ 487.20