Canes.com leases a warehouse from Jonh’s LLP on December 31, 2017. Following are the terms of the lease: 4-year lease term; the annual advanced lease payment is $100,000; no transfer of ownership or bargain purchase option; estimated useful life of the warehouse is 5 years; John’s purchased the warehouse for $250,000; implicit borrowing rate is 6%. For the year ending December 31, 2018, Canes.com will report the following journal entry (select the correct one)?

	a.	Credit Lease Payable for $83,962
	b.	Debit Cash for $100,000
	c.	Debit amortization expense for $91,825
	d.	Debit amortization expense for $73,460

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