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Help please.. :( On January 1, 2021, Chicken Nuggets Company entered into a 10-year lease of a floor of building with useful life of 15

Help please.. :(

On January 1, 2021, Chicken Nuggets Company entered into a 10-year lease of a floor of building with useful life of 15 years within the following terms:

Annual rental (first 5 years; payable at the end of year) 120,000

Annual rental for 6th -15th year 200,000

Implicit interest year 10%

PV of an Ordinary Annuity of 1 at 10% for 5 periods 3.79

PV of an Ordinary Annuity of 1 at 10% for 10 periods 6.14

PV of 1 at 10% for 5 periods 0.56

The lease provides for neither a transfer of title to the lessee nor a purchase option.

What is the interest expense for 2026?

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