3. on January 1, 2017 Amman Co. leased machinery from Jordan co. The lease term is 4 years and requires lease payments of $43,019 are made at the beginning of each year. The present value of lease payments $150,000. an estimated useful life of 4 years and no residual value. straight-line depreciation. The appropriate interest rate is 10% The interest expense for 2017 is