On January 1, 2019 Tracey Sisters Company Borrowed $90,000 Cash

On January 1, 2019 Tracey Sisters Company borrowed $90,000 cash by signing an 8 year, 7% mortgage note that requires equal total payments on December 31 of each year.
The balance in the Mortgage Note Payable account after the first payment is made is:

A) $83,700
B) $78,750
C) $79,017
D) $81,228