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. Payment Cash Payment Effective Interest Decrease in balance Outstanding Balance 84,982 1 13,000 13,000 71,982 2 13,000 7,918 5,082 66,900 3 13,000 7,359 5,641 61,259 4 13,000 6,738 6,262 54,997 5 13,000 6,050 6,950 48,047 6 13,000 5,285 7,715 40,332 7 13,000 4,436 8,564 31,768 8 13,000 3,495 9,505 22,263 9 13,000 ? ? ? 10 13,000 ? ? ? What amount would the lessee record as annual amortization on the right-of-use asset using the straight-line method? (Round your answer to the nearest dollar.) Multiple Choice $8,562. $7,198. $8,498. $13,000.