Question 3 (1 point) On January 1, 20x9, Ornate Company borrowed $100,000 FCU in order to finance the purchase of some land. The land was purchased for

$100,000

FCU immediately after the borrowing was received on January 1, 20x9. The loan bears interest at 6% per year, and interest is paid on December 31st annually. Select exchange rates for 20x9 are as follows: January 1, 20x9:

1FCU=CDN$1.14

December 31, 2019: 1FCU = CDN $1.16 Assume that exchange rates fluctuations occurred evenly throughout the year. At what value, in Canadian dollars, will the total interest expense relating to the loan be recorded at on Ornate's income statement for the year ending December 31,

20\times 9

? Round to the nearest dollar. No $ signs, negative signs, commas or period.