On January 2, 2021, Crane, Inc. signed a 10-year noncancelable lease for a heavy duty drill press. The lease stipulated annual payments of $410000 starting at the beginning of the first year, with title passing to Crane at the expiration of the lease. Crane treated this transaction as a finance lease. The drill press has an estimated useful life of 15 years, with no salvage value. Crane uses straight-line depreciation for all of its plant assets. Aggregate lease payments were determined to have a present value of $2519273, based on implicit interest of 10%. In its 2021 income statement, what amount of interest expense should Crane report from this lease transaction?

$251927

$210927

$208952

$0