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 Effective Decrease in Outstanding Interest Balance Balance 38,540 8,900 22 27 29,640 2 8,900 2,964 5,936 23,704 3 8,900 2,370 6,530 17,174 4 8,900 1,717 7,183 9,992 8,900 22 22 22 6 2,300 209 2,091 0 What is the outstanding balance after payment 5?