Current Attempt in Progress Ivanhoe Corporation entered into an agreement with Flint Rentals Co. on January 1, 2025 to lease a machine to be used in its manufacturing operations. The following data pertain to the agreement: (a) The term of the noncancelable lease is 3 years with no renewal option. Payments of $395219 are due on January 1 of each year. (b) The fair value of the machine on January 1, 2025, is $1100000. The machine has a remaining economic life of 10 years, with no salvage value. The machine reverts to the lessor upon the termination of the lease. (c) Ivanhoe depreciates all machinery it owns on a straight-line basis. (d) Ivanhoe's incremental borrowing rate is 9% per year. Ivanhoe does not know the 8% implicit rate used by Flint. (e) Immediately after signing the lease, Flint finds out that Ivanhoe Corp. is the defendant in a suit that is sufficiently material to make collectibility of future lease payments doubtful. If Ivanhoe accounts for the lease as an operating lease, what expenses will be recorded as a consequence of the lease during the fiscal year ended December 31, 2025? (Round factor value calculation to 5 decimal places, e.g. 1.25124.) Click here to view factor tables. Lease Expense of 395219 Interest Expense of 395219 Amortization Expense of 395219 O O O Amortization Expense and Interest Expense of 395219