Blossom Inc. leased equipment from Tower Company under a 4 year lease requiring equal annual payments of $324152, with the first payment due at lease inception. The lease does not transfer ownership, nor is there a bargain purchase option. The equipment has a 4-year useful life and no salvage value. Blossom Inc.'s incremental borrowing rate is 10% and the rate implicit in the lease (which is known by Blossom Inc) is 8%. Blossom Inc. uses the straight-line method to amortize similar assets. What is the amount of amortization expense recorded by Blossom Inc. in the first year of the asset's life?