On January 1, 2024, Southeastern Company purchased a building and signed a ten-year mortgage for $340,000 at 10%. The note will be paid in equal annual installments of $55,333, beginning January 1, 2025. Calculate the balance of Mortgages Payable after the payment of the third installment. (Round any intermediate calculations and your final answer to the nearest dollar.) OA. $340,000 B. $318,667 C. $295,201 D. $269,388