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On January 1, 2018, Allgood Company purchased equipment and signed a six-year mortgage note for $194,000 at 15%. The note will be paid in equal
On January 1, 2018, Allgood Company purchased equipment and signed a six-year mortgage note for $194,000 at 15%. The note will be paid in equal annual installments of $51,262 beginning January 1, 2019. Calculate the portion of interest expense paid on the third installment. (Round your answer to the nearest whole number.) OA. $29.100 OB. $51,202 OC. $21,953 OD. $171,838
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