On January 1, 20X4, Harrow Co. as lessee signed a 5-year noncancelable equipment lease with annual payments of $100,000 beginning December 31, 20X4. Harrow treated this transaction as a finance lease. The five lease payments have a present value of $379,000 at January 1,204 based on interest of 10%. What amount should Harrow report as interest expense for the year ending December 31, 20X4? $0$27,900$24,200$37,900