Sheldon$$s Shirt Emporium leased a piece of manufacturing equipment on December $31,20$X$4,$ classified as a finance lease. The lease requires three lease payments of $$90,000$ due each December $31$st$,$ with the first payment due December $31,20$X$5.$ The contract$$s implied discount rate is $8\%$ and the present value of the lease payments is $$231,939.$

The journal entry to record the first cash payment on December $31,20$X$5$ will include what amount of interest expense?

$$18,555$

$$21,600$

$$12,687$

$$7,200$