Refer to the following lease amortization schedule. The 10 payments are made annually starting with the...

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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. Cash Payment Payment Effective Decrease in Outstanding Interest balance Balance $ 87,867 1 $13,000 $ 0 $13,000 74,867 2 13,000 7,487 5,513 69,354 3 13,000 6,935 6,065 63,289 4. 13,000 6,3291 6,671 56,618 5 13,000 5,662 7,338 49,2801 6 13,000 4,928 8,072 41,208. 7 13,000 4,121 8,879. 32,329 13,000 $ 3,233 $9,767 $ 22,562 9 13,000 10 $13,000 What is the outstanding balarge after payment 9? Note: Round your answer to the nearest whole dollar. 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. Cash Payment Payment Effective Decrease in Outstanding Interest balance Balance $ 87,867 1 $13,000 $ 0 $13,000 74,867 2 13,000 7,487 5,513 69,354 3 13,000 6,935 6,065 63,289 4. 13,000 6,3291 6,671 56,618 5 13,000 5,662 7,338 49,2801 6 13,000 4,928 8,072 41,208. 7 13,000 4,121 8,879. 32,329 13,000 $ 3,233 $9,767 $ 22,562 9 13,000 10 $13,000 What is the outstanding balarge after payment 9? Note: Round your answer to the nearest whole dollar.