On January $1.2024,$ Blue Co$.$ recorded a right$-$of$-$use asset of $$869,628$ in a $10-$year operating lease. The lease calls for ten annual payments of $$120,000$ at the beginning of eacli year. The interest rate charged by the lessor was $8\%.$

What amount will Blue Co$.$ record for interest expenise on Decembor $31,2024?$

$$69,570$

$$ $$59,970$

$$ $$60,030$

$$1120,000$