On January 1,2025, Oriole Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for Oriole to make annual payments of $203000 at the beginning of each year for five years beginning on January 1,2025 with the title passing to Oriole at the end of this period. The equipment has an estimated useful life of 7 years and no salvage value. Oriole uses the straightline method of depreciation for all of its fixed assets. Oriole accordingly accounts for this lease transaction as a finance lease. The lease payments were determined to have a present value of $860663 at an effective interest rate of 9%. In 2025, Oriole should record interest expense of $125540.$77460.$59190.$143810