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On September 1,2024, Custom Shirts incorporated entered into a loase agreement appropriately classified as an operating lease. The lease term is three years. The annual

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On September 1,2024, Custom Shirts incorporated entered into a loase agreement appropriately classified as an operating lease. The lease term is three years. The annual payments by Custom Shirts are (a) $20,000 for year 1, (b) $24,000 for year 2 , and (c) $28,000 for year 3 . How much total lease expense will Custom Shirts recognize for 2024? Mulpiple Choice $20,000 $8.000 $24,000 $6,667

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