Refer to the following lease amortization schedule. The five payments are made annually starting with the beginning of the lease. A $2,300 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. Lease Cash Payment Payment 1 2 Effective Decrease in Outstanding Interest Balance Balance 38,540 ?? ?? 29,640 2,964 5,936 23,704 2,370 6,530 17,174 1,717 7,183 9,992 ?? ?? ?? 209 2,091 0 8,900 8,900 8,900 8,900 8,900 2,300 3 4 5 6 What is the outstanding balance after payment 5? Multiple Choice $2,091 $2,300. o o $2,509 $4,391