JB enterprises entered into a capital lease arrangement to obtain new assets. The lease is carried on the books at a present value of $160,000 (discounted at 10 percent). The annual rental payment is $27,000. What is the amount of interest expense for the first two years? A) B) First Year $16,000 $32,000 $16,000 $18,000 Second Year $11,240 $29,840 $14,900 $18,000 D)