Flower Company purchased a machine for leasing purposes on January 1, 2020, for $1,000,000. On January 1, 2020, Flower leased the machine to Dow Company for $140,000 a year for a five-year period ending December 31, 2024, at which time, the machine reverts to Flower. Dow Company estimates the machine's useful life to be 10 years. Dow does not guarantee a residual value of the machine at lease-end. Dow paid $140,000 to Fieldman on January 1, 2020, the first annual lease payment. Dow is not aware of the implicit rate of the lease, but Dow's incremental borrowing rate is 5%. What was the lease expense recognized by Dow Company for the year ended December 31, 2020? A. $140,000 B. $106,951 C. $118,195 D. $100,000