Kimberly Clary Company needs three color copy machines. On January 1, 2019, the first day of KCs 2019 fiscal year, KC signs an agreement with Xerox to lease the three copy machines it selected. The leases term is 5 years, which is also the expected economic life of the copiers. The lease calls for payments of $3,500 at the end of each of the 5 years. This leases implicit interest rate is 7%. KC uses straight-line depreciation. Assume that the firm classifies this lease as finance lease. What total expense would KC show on its income statement in fiscal year 2020 as a result from the leased copy machines?