On January 1, 2024, Calloway Company leased a machine to Zone Corporation. The lease qualifies as a sales-type lease. Calloway paid $250,000 for the machine and is leasing it to Zone for $32,000 per year, an amount that will return 8% to Calloway. The present value of the lease payments is $250,000. The lease payments are due each January 1 , beginning in 2024. What is the appropriate interest entry on December 31,2024 ? Multiple Choice