Save &Exit Submit Refer to the following lease amortization schedule. The 10 payments are made annually starting with the beginning of the lease. Title does not transfer to the lessee and there is no purchase option or guaranteed residual value. The asset has an expected economic life of 12 years. The lease is noncancelable. Decrease Outstandi in balance Balance Effective Interest Cash PaymentPayment 81,108 69,108 64,019 58,421 52,263 45,489 38,038 29,842 20,826 12,000 5,089 5,598 6,158 6,774 7,451 8,196 9,016 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 6,911 6,402 5,842 5,226 4,549 3,804 2,984 10 What would be the outstanding balance after payment 102 Multiple Choice SO. $1,091 $12.000