On January 1, 2011, Zero Company Obtained a $52,000, Four-Year

Multiple Choice

On January 1, 2011, Zero Company obtained a $52,000, four-year, 6.5% installment note from Regional Bank. The note requires annual payments of $15,179, beginning on December 31, 2011. The December 31, 2012 carrying amount in the amortization table for this installment note will be equal to:

A) $26,000
B) $27,635
C) $21,642
D) $28,402