On May 1, 2020, Wayne Enterprises leased a laboratory from Prince Inc. for a ten-year period expiring May 1, 2030. Equal annual payments of $600,000 are due on May 1 of each year, beginning on May 1, 2020. The lease is properly classified as a finance lease on Wayne's books. The present value at May 1, 2020 of the ten lease payments over the lease term discounted at 11% is $3,922,229. How much amortization expense should Wayne report for the year ended December 31, 2020? O $294,167 O $326,852 O $0 O $261,482