14 ot yet wered Skor Co. leased equipment to Douglas Corp. on January 22018. for an 8-year period expiring December 31, 2025. Equal payments under the lease are $600,000 and are due on January 2 of each year. The first payment was made on January 2, 2018. The cost of the equipment is $2.800.000 The lease is appropnately accounted for as a sales-type lease. The present value of the lease payments is $3,300,000. What is the effect on Sales Revenue for the year ended December 31, 2018? nts out of 0 Flag question Select one: O a. $3,300,000 O b. $500,000 O c. $2,700,000 O d. $600,000 O e. $2,800,000 tion 15 Taylor leases an asset from Moonlight Company. Data: ered . out of ng question Three-year, noncancellable lease. Asset life is five years. Payments of $16,731 each January 1 ($50,193 total) Asset FV and BV at lease commencement $60,000 Unguaranteed salvage value $15,000 Lessor implicit rate 6%, known by lessee. No transfer of title or purchase option Commencement 1/1/20 Lease qualifies as an operating lease Taylor's 12/31/20 Lease Liability balance will be approximately Select one: O a. $32,684 O b. $32,515 O c. $30,675 O d. $28,835 O e. $30,366