Jacobs Eatery leased restaurant equipment from Gamma Leasing. Gamma earns interest under such arrangements at a 7% annual rate. The lease term is eight months with monthly payments of $30,000 due at the end of each month Jacobs Eatery elected the short-term lease option. What is the effect of the lease on Jacobs Eatery's earnings during the eight-month term [ignore taxes)? Multiple Choice No expense within the 8 month period An expense of $30.000 initially and 530.000 at the end of 7 months An expense of $30.000 at the end of each of the 8 months