1. Ilini Company signed a lease to rent a computer for 4 years on 1/1/5.On 1/1/16, Ilini modified the lease to extend the lease by one more year. The lease obligation before the modification was $22,000, the right-of-use asset was $20,000, and the modification led to an additional obligation of $5,000. Which one of the following is correct after factoring the modification? A. The lease obligation was recorded at $20,000 B. The lease obligation was recorded at $15,000. C. The right-of-use asset was recorded at $25,000. D. The right-of-use asset was recorded at $27,000 2. Ilini Company signed a lease to rent two identical computers for 4 years on 1/1/15. On 1/1/16, Ilini modified the lease to end the lease of one of the two computers. The lease obligation before the modification was $20,000, and the right-of-use asset was $22,000. The impact of the modification on earnings was: A. A gain of $2,000 B. A loss of $2,000 C. A gain of $1,000 D. A loss of $1,000