What would be the outstanding balance after payment 10? Multiple Choice $14,000 $1,037 $12,963 $0

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. $ 14,000 14,000 87,456 14,000 80,452 14,000 72,888 14,000 64,719 14,000 55,897 14,000 46,369 14,000 10,290 36,079 14,000 11,114 24,965 14,000 $ 14,000 Cash Payment Effective Decrease in Outstanding Payment 1 2 3 4 5 6 7 8 9 10 Interest 6,996 6,436 5,831 5,178 4,472 3,710 2,886 balance 7,004 7,564 8,169 8,822 9,528 Balance $ 101,456 What would be the outstanding balance after payment 10? Multiple Choice O O O O $14,000 $1,037 $12,963 $0