to the foowing lease amortization schedule. The five payments are made annually starting with the beginning of the lease. A $2,000 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 Decrease Lease Cash Effective in Payment Payment Interest Balance Outstanding Balance 34,600 8,000 ? 26,600 2 8,000 2,660 5,340 21,260 3 8,000 2,126 5,874 15,386 4 8,000 1,539 6,461 8,925 $ 8,000 71 ?? 6 2,000 182 1,818 0 What amount would the lesses record as annual amortization on the asset using the straight-line method, assuming no residual value? $3.325 Ob56,920 Oc$5,320 Oa$4.325