Liberty Diner leased restaurant equipment at an interest rate of 6% per annum. The lease term is eight months with monthly payments of $20,000 due at the end of each month. Present value of the lease payments is $158,000. Liberty elected the short-term lease option. What is the effect of the lease on Liberty's earnings during the eight-month term (ignore taxes)? a. No expense within the 8-month period. b. An initial expense of $160,000. c. An expense of $20,000 initially and $20,000 at the end of 7 months. d. An expense of $20,000 at the end of each of the 8 months. e. Interest expense and amortization expense during 8 months that will each sum up to be $158,000.