Question 4 "I2 View Policies Current Attempt in Progress On January 2. 2021. Sandhill, Inc. signed a 10-year noncance lable lease for a heavy dutyI drill press. The lease stipulated annual payments. of 5380000 starting at the beginn ing of the rst yea r. with title passing to Sandh ill at the expiration of the lease. Sand hi || treated this transaction as a nance lease. The drill press has an estimated useful life of '1 5 years. with no salvage value. Sandhill uses straightline depreciation for all of its plant assets. Aggregate lease payments were determined to have a present value of $23349 3-6. based on implicit interest of1096. In its 2021 income statement. what amount of interest expense should Sand hill report from this lease transaction? 0 $0 0 $193662 0 $233494 0 $195494