On January 1,2016,Demarest Company Purchased Equipment and Signed a Six-Year

On January 1,2016,Demarest Company purchased equipment and signed a six-year mortgage note for$80,000 at 15%.The note will be paid in equal annual installments of $21,139,beginning January 1,2017.Calculate the portion of principal amount paid on the third installment.(Round your answer to the nearest whole number. )

A) $12,086
B) $12,000
C) $21,139
D) $9,053