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. Lease Cash Effective Decrease in Outstanding Payment Payment Interest Balance Balance 39, 399 1 8,900 ?? ?? 30,499 2 8,900 2,440 6,460 24,039 3 8,900 1,923 6,977 4 8,900 1,365 7,535 9,527 5 8,900 ?? ?? ?? 6 1,500 111 1,389 0 17,062 What is the outstanding balance after payment 5? Multiple Choice $1,611 $1,389 $2,889. $1,500