Question 18 (2 points) ABC Co. as lessee records a operating lease of machinery on January 1, 20x1. The seven annual lease payments of $200,000 are made at the end of each year. The present value of the lease payments at 10% is $973,700. ABC uses the effective interest method of amortization and straight-line depreciation (no residual value). Use the same amortization table as the previous problem and match the following items Note: Round to the nearest dollar. Some rounding may be required on the last payment Date Payment Interest Expense Principle Liability Balance Amount of lease expense in the last payment 1. $97,390 2. $87107 Lease liability at the end of yeat7 3. $18.151 > Amount of lease expense in the second payment 4. So Amount of leate expense in the first payment 5. $200,000