On January 1, 2019, Pearson Company signed a lease agreement requiring six annual payments of $60,000, beginning December 31, 2019. Pearson's incremental borrowing rate was 9% and the lessor's implicit rate, known by Pearson, was 10%. The present value factors of an ordinary annuity of $1 for six periods for interest rates of 9% and 10% are 4.485919 and 4.355261, respectively.

What would be the interest expense for 2019?

a.21,003. b.22,746. c. 24,224. d.26,132