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Oriole Company borrowed $1720000 from U.S. Bank on January 1, 2016 in order to expand its mining capabilities. The 5-year note required annual payments of

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Oriole Company borrowed $1720000 from U.S. Bank on January 1, 2016 in order to expand its mining capabilities. The 5-year note required annual payments of $447951 and carried an annual interest rate of 9.5%. What is the amount of expense Oriole must recognize on its 2017 income statement? $136368 $107454 $163400 O $121208

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