11. On June 30, 2019, XYZ Corp leased equipment for $9,000 per month for 8 years with noncancelable lease, title does not transfer and no option to repurchase the equipment. The equipment has a useful life of 10 years. XYZ Corp make payments at the ending of each year. XYZ report for this equipment for the year ended December 31, 2019, should be (3 Points) Dr. Lease liability $54,000 Dr. Rent expense $54,000 Cr. Lease liability $108,000 Dr. Rent expense $108,000