On January 1,2018,Allgood Company Purchased Equipment and Signed a Six-Year

On January 1,2018,Allgood Company purchased equipment and signed a six-year mortgage note for $186,000 at 15%.The note will be paid in equal annual installments of $49,148,beginning January 1,2019.Calculate the portion of interest expense paid on the third installment.(Round your answer to the nearest whole number.)

A) $49,148
B) $21,048
C) $27,900
D) $164,752