Jacobs eatery leased restaurant equipment from gamma leasing. gamma earns interest under such arrangements at a 6% annual rate. the lease term is eight months with monthly payments of $20,000 due at the end of each month. jacobs eatery elected the short-term lease option. what is the effect of the lease on jacobs eatery's earnings during the eight-month term (ignore taxes)? an initial expense of $160,000.an expense of $20,000 at the end of each of the 8 months. no expense within the 8 month period. an expense of $20,000 initially and $20,000 at the end of 7 months.