Phoenix Agency leases office space for $7,600 per month. On January 3, Phoenix incurs $78,600 to improve the leased office space. These improvements are expected to yield benefits for 8 years. Phoenix has 6 years remaining on its lease. Compute the amount of expense that should be recorded the first year related to the improvements. Multiple Choice $13,100. $20,700. o $7,600. ( ) $9,825. $17.425