On January $1,2024,$ Blue Co$.$ recorded a right$-$of$-$use asset of $$869,628$ in a $10-$year operating lease. The lease calls for ten annual payments of $$120,000$ at the beginning of oxt year. The interest rate charged by the lessor was $8\%.$

What amount will Blue Co$.$ record for amortization expense on December $31,2024?$

$$60,030$

$$64,832$

$$86,963$

$$59,970$