In its annual report to shareholders. Calipari Mining disclosed the following: Calipari leases mineral interests and various other types of properties including shovels, offices, and miscellaneous equipment. Certain mineral leases require minimum annual royalty payments, and others provide for royalties based on production. Assume that the operating lease payments are from a single contract that lasts through 2019, how much rent expense will be charged in 2012 and 2013?
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