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On September 1, 2018, Custom Shirts Inc. entered into a lease agreement appropriately classified as an operating lease. The lease term is three years. The

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On September 1, 2018, Custom Shirts Inc. entered into a lease agreement appropriately classified as an operating lease. The lease term is three years. The annual payments by Custom Shirts are (e) $21000 for year 1. (b) $25,000 for year 2, and (c) $29,000 for year 3. How much total lease expense will Custom Shirts recognize for 2018? (Round your answer to the nearest dollar. Do not round your intermediate calculations.) Multiple Choice Boo 57000 terence 58,333 525.000 521,000

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