On January 1, 2025, Crane Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for Crane to make annual payments of $235000 at the beginning of each year for five years with title the 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 $979918 at an effective interest rate of 10%. Concerning this lease, for 2026 Crane should record interest expense of $81941. interest expense of $58441. interest expense of $74492. interest expense of $97992