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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

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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 Effective Decrease Outstanding Payment Payment Interest in balance Balance 101,385 1 15,000 15.000 86,385 2 15,000 8639 6361 80,024 3 15,000 8002 6998 73,026 4 15,000 7303 7697 65,329 5 15,000 6533 8467 56.862 6 15.000 5686 9314 47,548 7 15,000 4755 10,245 37,303 8 15.000 3730 11,270 26.033 9 15,000 ? ? ? 10 15,000 ? ? ? What amount would the lessee record as annual amortization on the right-of-use asset using the straight-line method? (Round your answer to the nearest whole dollar.) $8638.5. O $10,203. $10,139. $15,000

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