On January $1$st$,2024,$ Jurassic Pork, a food truck specializing in smoked ribs and pulled pork, is purchasing a new food truck for its fleet by signing a note payable which includes an interest rate of $7\%.$ The company will choose between the following two options for the terms of its note payable:Option $1$: Payments of $$15,000$ at the end of each year for $4$ years, starting $12/31/24.$Option $2$: A single payment of $$66,000$ in $4$ years.

Which option above would be the cheaper option for Jurassic Pork? $($Note that choices below are scrambled due to a setting in Connect that I cannot change$--$do not let the order of the choice affect your answer$)$

Multiple Choice:

A$.$ Both options cost the same.

B$.$ Option $2$

C$.$ Option $1$

BONUS: What amount of interest expense would Jurassic Pork record on $12/31/25$ under option $1?$ It may be helpful to reference the journal entries you recorded for option $1$ when answering this question. $($up to $1$ bonus point possible$)$Note: Enter only the amount. No dollar signs!