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

On January 1,2016,Alldredge Company purchased equipment and signed a six-year mortgage note for $194,000 at 15%.The note will be paid in equal annual installments of $51,262,beginning January 1,2017.Calculate the portion of interest expense paid on the third installment.(Round your answer to the nearest whole number. )

A) $51,262
B) $21,953
C) $29,100
D) $171,838