Sandusky Company borrowed $30,000 from the Lakeside Bank by Issuing a 10% three-year installment note. Sandusky agreed to repay the principal and interest by making annual payments in the amount of $12,063.44. Based on this information, the amount of the interest expense associated with the second payment would be: (round your answer to the nearest dollar) Multiple Choice $4,021 $1,340, $2,094. $3,000.