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On January 1, 2022, Goetz Corporation leased office space for 10 years at an annual rental rate of 96,000. The lease payments are due each

On January 1, 2022, Goetz Corporation leased office space for 10 years at an annual rental rate of 96,000. The lease payments are due each December 31. The lease payments were determined to have a present value of 644,168 at an effective interest rate of 8%. Goetz appropriately accounts for this lease as a finance lease. What amount should Goetz have charged to expense for the year ended December 31, 2022?

96,000

64,417

115,950

108,270

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