10. Leases On December 31, 2019 In-Person FSA office entered into a lease arrangement for 4 years leasing a copier, promising to pay $70,000 each year over the next four years (i.e., $280,000 in total). The interest rate implicit in the lease was 10%. 6 points Leasehold Obligation (included in Long-Term Debt) Beg Balance Interest Periodic Payment End Balance 10.1 If we treat the lease as a Finance lease, complete the following tables (shaded cells): ROU Asset (included in PP &E) Beg Balance Depreciation Expense Ending Balance 12/31/20 12/31/21 12/31/22 12/31/23 12/31/20 12/31/21 12/31/22 12/31/23 2 points 10.2 If we treat the lease as a finance lease, what is total expense (ignoring taxes) on the Income Statement for fiscal 2022? 2 points 10.3 If we treat the lease as operating lease, calculate the ending balances for ROU Operating Asset (or Capitalized operating asset) and Opearting Lease Liability. Complete the following table (shaded cells): Ending Balances (Operating Lease) Capitalized Operating Asset Capitalized Operating Lease Liability 12/31/20 12/31/21 12/31/22 12/31/23 2 points 2 points 10.4 If we treat the lease as an operating lease, what is total expense (ignoring taxes) for fiscal 2022? 10.5 List one of the criteria that we use to decide whether a lease is a finance lease (vs operating lease)