On January 1, 2018, Gibson Corporation Entered into a Four-Year

Multiple Choice

On January 1, 2018, Gibson Corporation entered into a four-year operating lease. The payments were as follows: $20,000 for 2018, $18,000 for 2019, $16,000 for 2020, and $14,000 for 2021. What is the correct amount of total lease expense for 2019?

A) $20,500.
B) $19,000.
C) $17,000.
D) $18,000.