13 1 On January 1, 2017, X company signed a contract to lease Y company an equipment with annual payment of $8,000 for 5 years will be paid at the beginning of each year, usefullife is 6 years when the discount rate is 10%, compute interest expense should be ?recorded on Dec.31,2017 assuming no salvage value $4,000.a O $3,033.b O $3,336.c O 14 1 Windy company sales report showed that their sales in 2017 5500,000 and cost of $400,000, these sales were on credit(on account) and they received cash as following: $120,000 in 2017, $250,000 in 2018 and $130,000 in 2019, the company uses installment sales ?method, compute realized Gross Profit in 2018 $0.a O $50,000.b O $40,000. O