Required information On January 1 2021. Freshbooks Industries signed an 18 year lease for heavy equipment. The lease is accounted for by Freshbooks as a finance lease the lease required annual payments of $19.000 beginning December 31, 2021 The heavy equipment has an estimated useful life of 20 years, with $2.000 residual value Freshbooks uses straight-ne depreciation for all its plant assets. The lease payments have a present value of $159.000, based on a 10% interest rate How much interest expense should Freshbooks report for the lease on its 2021 income statement Miple Choice O $15.900 $19.000 51900 NONE How much depreciation expense should Freshbooks report for the lease on its 2021 income statement? MultiChoice 58833 $ $7850 O S8722 5772 $15.900