Refer to the following lease amortization schedule. The 10 payments are made annually starting with the beginning of the lease. Title does not transfer to the lessee and there is no purchase option or guaranteed residual value. The asset has an expected economic life of 12 years. The lease is noncancelable. Cash Payment Effective Interest Decrease in balance Payment Hom tino 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 5,759 5,335 4,868 4,355 3,791 3,170 2,487 10,000 4,241 4,665 5,132 5,645 6,209 6,830 7,513 Outstanding Balance 67,590 57,590 53,349 48,684 43,553 37,908 31,699 24,869 17,355 What is the outstanding balance after payment 9? (Round your answer to the nearest dollar.)