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The following is a lease amortization schedule for Green Jeans Company (the lessee). The 10 payments are made annually starting with the beginning of the

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The following is a lease amortization schedule for Green Jeans Company (the lessee). The 10 payments are made annually starting with the beginning of the lease. Title does not transfer to Green Jeans and there is no purchase option or guaranteed residual value. The asset has an expected economic life of 12 years. The lease is noncancelable. What is Green Jean's outstanding balance after payment 9 ? (Round your answer to the nearest whole dollar.) Multiple Choice $9,091. $5.637. $13,707. $5,000

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