Problem 4 A lease agreement calls for quarterly lease payments of $15,000 over a 10-year lease term, with the first payment on January 1, 2019 at the lease's inception. The interest rate is 4%. Both the fair value and the cost of the asset to the lessor are $500,000. What would be the amount of interest expense the lessee would record in conjunction with the second quarterly payment at April 1, 2019