4. a. The relationship between income tax currently payable and income tax expense is that income tax currently payable Is always equal to income tax expense. May be greater than but not less than income tax expense. May be less than but not greater than income tax expense. May differ from income tax expense. - On January 1, 2018, Sonia Corporation signed a ten-year noncancelable lease for certain machinery. The terms of the lease called for Sonia to make annual payments of $440,000 at the end of each year for ten years with the title passing to Sonia at the end of this period. The machinery has an estimated useful life of 15 years and no salvage value. Sonia uses the straight- line method of depreciation for all of its fixed assets. Sonia accordingly accounted for this lease transaction as a finance lease. The lease payments were determined to have a present value of $2,684,032 at an effective interest rate of 8%. With respect to this capitalized lease, Sonia should record for 2018 a. lease expense of $440,000. b. interest expense of $178,936 and depreciation expense of $152,272. c. interest expense of $214,723 and depreciation expense of $178,936. d. interest expense of $214,723 and depreciation expense of $268,404