Question 5 of 24 V - 13.75 . . . View Policies Current Attempt in Progress On January 2, 2021, Sunland, Inc. signed a 10-year noncancelable lease for a heavy duty drill press. The lease stipulated annual payments of $360000 starting at the beginning of the first year, with title passing to Sunland at the expiration of the lease. Sunland treated this transaction as a finance lease. The drill press has an estimated useful life of 15 years, with no salvage value. Sunland uses straight-line depreciation for all of its plant assets. Aggregate lease payments were determined to have a present value of $2310357, based on implicit interest of 9%. In its 2021 income statement, what amount of interest expense should Sunland report from this lease transaction? 4 O $0 O $231036 O $190024 O $175532