On January 1,Zero Company obtained a $52,000,4-year,6.5% installment note from Regional Bank.The note requires annual payments consisting of principal and interest of $15,179,beginning on December 31 of the current year.The December 31,Year 1 carrying amount in the amortization table for this installment note will be equal to:
A)$27,635
B)$40,201
C)$36,821
D)$48,620

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The Answer of On January 1,Zero Company obtained a $52,000,4-year,6.5% installment note from Regional Bank.The note requires annual payments consisting of principal and interest of $15,179,beginning on December 31 of the current year.The December 31,Year 1 carrying amount in the amortization table for this installment note will be equal to:
A)$27,635
B)$40,201
C)$36,821
D)$48,620

On January 1,Zero Company Obtained a $52,000,4-Year,6