A lease agreement calls for quarterly lease payments of $7 100 over a 10year lease term, with the first payment at July 1, the lease s inception. The interest rate is 12%. Both the fair value and the cost of the asset to the lessor are $168,000. What would be the amount of interest expense the lessee would record in conjunction with the second quarterly payment at October 1? Period-End Lease payment Interest Decrease in balance Outstanding balance Jul01 Jul01 $7100 $7100 $168,000 160,900 0 Oct01 7100 What would be the amount of interest venue the lessor would record in conjunction with the second quarterly payment at October 1