On July 1, 2021, Ethan Corporation signed a 5-year non-cancelable lease for a machine with Best Company. The terms of the lease called for Ethan to make annual payments of P150,000 at the beginning of each year starting July 1, 2021. The machine has an estimated useful life of 6 years and a P50,000 guaranteed residual value at the end of the five-year lease term. The machine reverts to the lessor at the end of the five-year lease term. Ethan uses the straight-line method of depreciation for all of its plant assets and adopts the calendar year. The rate implicit in this contract, which is known to Ethan, is 10%. How much is the interest expense for year ended December 31, 2021 and December 31, 2022? (Use four decimal places) ( P25,327 and P45,686 P32,827 and P68,936 P50,653 and P40,718 P65,653 and P72,218