On January 1, 2021, Crane Corporation signed a 10-year noncancelable lease for certain machinery. The terms of the lease called for Crane to make annual payments of $275000 at the end of each year for 10 years with the title passing to Crane at the end of this period. The machinery has an estimated useful life of 15 years and no salvage value. Crane uses the straight-line method of depreciation for all of its fixed assets. Crane accordingly accounted for this lease transaction as a financial lease. The lease payments were determined to have a present value of $1845272 at an effective interest rate of 8%. With respect to this lease, Crane should record for 2021 interest expense of $123018 and amortization expense of $109685. lease expense of $147622. interest expense of $147622 and amortization expense of $123018. O interest expense of $131622 and amortization expense of $184527