On January 1, 2021, Crane Corporation signed a 5-year noncancelable lease for equipment. The terms of the lease called for Crane to make annual payments of $199000 at the beginning of each year for 5 years beginning on January 1, 2021 with the title passing to Crane at the end of this period. The equipment has an estimated useful life of 7 years and no salvage value. Crane uses the straight-line method of depreciation for all of its fixed assets. Crane accordingly accounts for this lease transaction as a finance lease. The lease payments were determined to have a present value of $843704 at an effective interest rate of 9%. In 2022, Crane should record interest expense of O $40113 O $45335 O $63245. O $58023