2. Calculate the amount of the lease obligation that would be presented on the December 31, 2018, balance sheet (after two lease payments have been made). Round your calculations and answer to the nearest cent. Lease obligation, December 31, 2018: Financial Statement Impact of a Lease Benjamin's Warehouse signed a six-year capital lease or finance lease on January 1, 2017, with payments due every December 31. Interest is calculated annually at 10%, and the present value of the minimum lease payments is $15,190. Use the appropriate present value table: TABLE 9-2 Present Value of $1 (N) Periods 2% 3% 4% 5% 6% 7% 8% 10% 12% 15% .96154 .92456 88900 .85480 .82193 .79031 .75992 .73069 .70259 .67556 .64958 .62480 .98039 .96117 94232 .92385 .90573 .88797 .87056 .85349 .83676 .82035 .80426 .78849 .77303 .75788 .74301 .72845 .71416 .70016 .68643 .67297 .64684 .62172 -59758 .57437 .55207 .97087 .94260 .91514 .88849 .86261 .83748 .81309 .78941 .76642 .74409 .72242 .70138 .68095 .66112 .64186 .62317 .60502 .58739 .57029 -55368 52189 49193 46369 .43708 .41199 .60057 .95238 .90703 .86384 .82270 .78353 .74622 .71068 .67684 .64461 .61391 .58468 .55684 .53032 -50507 48102 45811 43630 41552 39573 37689 34185 31007 28124 25509 23138 .94340 .89000 .83962 .79209 .74726 .70496 .66506 .62741 .59190 .55839 -52679 49697 46884 44230 41727 39365 37136 35034 33051 31180 27751 24698 21981 .19583 .17411 .93458 .87344 .81630 .76290 .71299 .66634 .62275 .58201 -54393 .50835 .47509 44401 41496 .38782 36245 .33873 .31657 29586 27651 25842 .22571 .19715 .17220 15040 .13137 .92593 .85734 .79383 .73503 .68058 .63017 .58349 .54027 -50025 46319 42888 39711 .36770 .34046 .31524 29189 27027 25025 .23171 21455 .18394 .15770 .13520 .11591 .09938 .90909 .82645 .75131 .68301 .62092 .56447 -51316 .46651 42410 .38554 35049 .31863 .28966 .26333 23939 .21763 .19784 .17986 .16351 .14864 .12285 .10153 .08391 .06934 .05731 .89286 .79719 .71178 .63552 .56743 .50663 45235 .40388 .36061 .32197 28748 .25668 .22917 20462 .18270 .16312 .14564 .13004 .11611 .10367 .08264 .06588 .05252 .04187 .03338 .86957 .75614 .65752 .57175 49718 43233 37594 32690 28426 24718 21494 .18691 .16253 .14133 .12289 .10686 .09293 .08081 .07027 .06110 04620 03493 .02642 .01997 .01510 -57748 .55526 53391 .51337 49363 .47464 45639 42196 39012 36069 33348 30832 TABLE 9-4 Present Value of Annuity of $1 (N) Periods 2% 3% 4% 5% 6% 7% 8% 10% 12% 98039 9 7087 9 6154 95238 94340 93458 92593 90909 .89286 1.94156 1.91347 1.88609 1.85941 1.83339 1.80802 1.78326 1.73554 1.69005 2.88388 2.82861 2.77509 2.72325 2.67301 2.62432 2.57710 2.48685 2.40183 3.80773 3.71710 3.62990 3.54595 3.46511 3.38721 3.31213 3.16987 3.03735 4.71346 4.57971 4.45182 4.32948 4.21236 4.10020 3.99271 3.79076 3.60478 5.60143 5.41719 5.24214 5.07569 4.91732 4.76654 4.62288 4.35526 4.11141 6.47199 6.23028 6.00205 5.786375.58238 5.38929 5.20637 4.86842 4.56376 7.32548 7.01969 6.73274 6.46321 6.20979 5.97130 5.74664 5.33493 4.96764 8.16224 7.78611 7.43533 7.10782 6.80169 6.51523 6.24689 5.75902 5.32825 8.982598.53020 8.11090 7.721737.360097.02358 6.71008 6.14457 5.65022 9.78685 9.25262 8.76048 8.30641 7.88687 7.49867 7.13896 6.49506 5.93770 10.57534 9.95400 9.38507 8.86325 8.38384 7.94269 7.53608 6.81369 6.19437 11.34837 10.63496 9.98565 9.39357 8.85268 8.35765 7.90378 7.10336 6.42355 12.10625 11.29607 10.56312 9.89864 9.29498 8 .74547 8.24424 7.36669 6.62817 12.84926 11.93794 11.11839 10.37966 9.71225 9.10791 8.55948 7.60608 6.81086 13.57771 12.56110 11.65230 10.83777 10.105909.446658.851377.82371 6.97399 14.29187 13.16612 12.16567 11.27407 10.47726 9.76322 9.12164 8.02155 7.11963 14.99203 13.75351 12.65930 11.68959 10.82760 10.059099.371898.20141 7.24967 15.67846 14.32380 13.13394 12.08532 11.15812 10.33560 9.60360 8.36492 7.36578 16.35143 14.87747 13.59033 12.46221 11.46992 10.59401 9.81815 8.51356 7.46944 17.65805 15.93692 14.45112 13.16300 12.04158 11.06124 10.20074 8.77154 7.64465 18.91393 16.93554 15.24696 13.79864 12.55036 11.46933 10.52876 8.98474 7.78432 20.12104 17.87684 15.98277 14.37519 13.00317 11.82578 10.809989.160957.89566 21.28127 18.7641116.66306 14.89813 13.40616 12.13711 11.05108 9.30657 7 .98442 22.39646 19.60044 17.2920315.37245 13.76483 12.40904 11.25778 9.426918.05518 15% 86957 1.62571 2.28323 2.85498 3.35216 3.78448 4.16042 4.48732 4.77158 5.01 877 5.23371 5.42062 5.58315 5.72448 5.84737 5.95423 6.04716 6.12797 6.19823 6.25933 6.35866 6.43377 6.49056 6.53351 6.56598 16 20 26 28 30