A lease agreement calls for quarterly lease payments of $5,376 over a 10-year lease term, with the first payment at July 1, the lease's inception. The interest rate is 8%. Both the fair value and the cost of the asset to the lessor are $150,000. What would be the amount of interest expense the lessee would record in conjunction with the second quarterly payment at October 1? Date Lease Payment Interest Decrease in balance July 1 July 1 Outstanding balance $ 144,624 139,248 136,764 $ 5,376 $ 0 $ 5,376 2,484 October 1 5,376 2,892 What would be the amount of interest revenue the lessor would record in conjunction with the second quarterly payment at October 1? Interest revenue