On January 1, 2023, Sandhill Corp. signed a ten-year non-cancellable lease for new machinery. The terms of the lease called for Sandhill to make annual payments of $95000 at the end of each year for ten years, with title to pass to Sandhill at the end of the lease period. Sandhill accordingly accounted for this lease transaction as a finance lease. The machinery has an estimated useful life of 15 years and no residual value. Sandhill uses straight-line depreciation for all its property, plant and equipment. The lease payments were determined to have a present value of $637458 at an effective interest rate of 8%. It was also determined that the fair value of the machinery on January 1,2023 was $690000. With respect to this lease, for the year ending December 31, 2023, Sandhill should report (rounded to the nearest dollar) interest expense of $50997 and depreciation expense of $42497. interest expense of $56191 and depreciation expense of $47691. lease expense of $95000, and depreciation expense of \$42497. interest expense of $50997 and depreciation expense of $63746