please show all your work

Close Winde A Moving to another question will save this response. Question 1 of 5 Question 1 3 points Save an Smithsonian Industries purchased a supply of electronic components from Sunshine Corporation on October 31, 2021. In payment for the $1,200,000 million purchase, Smithsonian issued a 1-year installment note to be paid in equal monthly payments of $110,016 at the end of each month. The payments include interest at the rate of 18%. What is the amount of interest expense that Smithsonian will report in its income statement for the year ended December 31, 2021? (Do not add dollar sign; do not add comma by yourself to your amount, round the answer to the whole number) A Moving to another question will save this response. Question 1 of 6 AL 17 ES esc FI 1 7 @ 2 # 3 & 7 sk 8 6 9 0 5 4 Q Y W R E T tab S H LL A D cops lock N V B C IM