On January 1, Year 1, Mahoney Company borrowed $324,000 cash from Sun Bank by issuing a 5- year, 8% term note. The principal and interest are repaid by making annual payments beginning on December 31, Year 1. The annual payment on the loan equals $81,150. What is the amount of principal repayment included in the payment made on December 31, Year 1? Multiple Choice O $55,230 0 $74,658 $74,658 0 $81150 $25,920