Refer to the following lease amortization schedule. The five payments are made annually starting with the beginning of the lease. A $1,500 purchase option is reasonably certain to be exercised at the end of the five-year lease. The asset has an expected economic life of eight years. What amount would the lessee record as annual amortization on the asset using the straight-line method, assuming no residual value? Note: Round your answer to the nearest whole dollar. Multiple Choice $3,812 $5,750 $4,925 $7,880