On June 30, 2018, Crane Co. sold equipment to an unaffiliated company for $2550000. The equipment had a book value of $1355000 and a remaining useful life of 10 years. That same day, Crane leased back the equipment at $13100 per month for 5 years with no option to renew the lease or repurchase the equipment. What should Cranes rent expense for this equipment for the year ended December 31, 2018 be?