On August 30, Year 1, Kona sold equipment to an unaffiliated company for $1,500,000. The\ equipment had a book value of $1,000,000 and a remaining useful life of 10 years. That same\ day, Kona leased back the equipment at $15,000 per month for 6 years with no option to\ renew the lease or repurchase the equipment. Konas lease expense for this equipment for\ the year ended December 31, Year 1, should be: