.3) ABC Inc. entered into a lease agreement appropriately classified as an operating lease 31, 2017. The lease term is three years. The annual payments by Custoa Shirts are (a) $15,000 for year 1, (b) $24,000 for year 2, and (c) $21,000 for year 3. How much total lease expense will Custom Shirts recognize for 2017? A) $8,333 B) $21,000. C) $20,000. D) $8,000. July on