13 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. 8 000 Cash Payment Effective Interest Payment Decrease in balance 12,000 12,000 12,800 12,000 12,000 12,000 12,000 12,000 12,000 12,000 6,475 5,978 5,436 4,845 4,201 3,499 2,734 12,000 5,525 6,022 6,564 7,155 7,799 8,501 9,266 Outstanding Balance 83,943 71,943 66,418 60, 396 53,832 46,677 38,878 30, 377 21, 111 10 What would be the outstanding balance after payment 10? Multiple Choice $0. $12,000. O399. $1,009