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 1 2 3 4 5 6 7 8 9 10, eee 10,000 10, eee 10, eee 10, eee 10, eee 10,000 1e, eee 10, eee 1e, eee 5,396 4,981 4,530 4,037 3,501 2,916 2,278 ? ? 10,000 4,604 5,019 5,470 5,963 6,499 7,084 7,722 ? ? Outstanding Balance 69,952 59.952 55,348 50, 329 44,859 38,896 32,397 25,313 17,591 ? ? 10 What is the outstanding balance after payment 9? (Round your answer to the nearest whole dollar.) Multiple Choice $5,000 $13,832 $9.174 $5,689