On January 1, Y1 Lessee signed a 4-year lease. The lease requires 4 annual payments. The payments are $100,000 on 12/31/Y1, $100,000 on 12/31/Y2, $150,000 on 12/31/Y3 and $150,000 on 12/31/Y4. How much lease expense should Lessee record in Y1 if the lease is classified as an operating lease? Group of answer choices:

$125,000

$150,000

$0

$100,000

$134,526

$101,914