On January 1, 2019, Parker Corporation leased a jet from Stark Enterprises for a six-year period expiring January 1, 2025. Equal annual payments of $500,000 are due on January 1 of each year, beginning on January 1, 2019. The lease is properly classified as a finance lease on Parker's books. The present value January 1, 2019 of the six lease payments over the lease term discounted at 9% is $2,733,122. How much interest expense should Parker record for the year ended December 31, 2019? $220,034 $175,034 $200,981 $500,000