Lessee Co. enters into an 8-year noncancelable operating lease with the lessor on January 1, 2021. The lease liability at the inception of the lease for Lessee is $106,000. The annual rental payment is $18,000, payable at the beginning of each year and the first payment is made on 1/1/21. Lessee Co. incurred initial direct costs of $5,000 related to the lease. How much should Lessee Co. record for Lease Expense at the end each year?