1. On January 1, 2023, Bolson Corporation entered into a four-year operating lease. The payments were as follows: $20,000 for 2023,$18,000 for 2024,$16,000 for 2025 , and $14,000 for 2026 . What is the correct amount of total lease expense for 2024 ? a) $17,000. b) $18,000. c) $19,000. d) $20,500. Use the information below to answer the following questions. Refer to the following lease amortization schedule. The 10 payments are made annually starting with the beginning of the lease. Title does not transfer to the lessee and there is no purchase option or guaranteed residual value. The asset has an expected economic life of 12 years. The lease is noncancelable