On January 1, 2021, Blossom Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for Blossom to make annual payments of $115000 at the beginning of each year for 5 years with title passing to Blossom at the end of this period. The equipment has an estimated useful life of 7 years and no salvage value. Blossom uses the straight-line method of depreciation for all of its fixed assets. Blossom accordingly accounts for this lease transaction as a finance lease. The lease payments were determined to have a present value of $487568 at an effective interest rate of 9%. With respect to this capitalized lease, for 2021 Blossom should record interest expense of $51750 and amortization expense of $113534. interest expense of $33531 and amortization expense of $69653. interest expense of $33531 and amortization expense of $97514. rent expense of $115000