(10 Marks) 4.2) On 1 January 20X6, Just Drive entered into a non-cancellable contract with Rental.com. Just Drive leases ten vehicles for 4 years. The annual lease payments are 100,000 per year, payable at the beginning of each year, with the first payments being made on 1 January 20X6. The lease contract also specifies that the lease payment increases by 5,000 every year. Just Drive incurs cost of 10,000 to bring the ten vehicles available for use. The interests rate implicit in the lease is 3% per annum. The estimated useful life of the vehicles is 6 years. The company depreciates its assets on a straight-line basis. Required: Show how this lease would be accounted for in the statements of profit or loss and statement of financial position of Just Drive for the financial years ending 31 December 20X6-20X9. Your answer must show all the workings for calculating initial lease liability, liability at the end of each of financial years and cost of right-of-use asset. (Answers should be rounded to the nearest whole number.) (20 Marks)