2) Identify each of the descriptions below as a characteristic of an operating lease (O), or a capital lease (C), or as an installment purchase (I). Some of the descriptions may apply to more than one. (Points: 39) a. Rental arrangements that do not meet the criteria for a capital lease. b. Special types of leases that, in effect, are installment purchases. c. The buyer obtains the title of the asset at the time of the purchase and then makes periodic payments. d. The buyer obtains the title of the asset after making periodic payments. e. The farm accountant records the rental payments as rent expense. f. One party continues to have title of an asset while another party uses it, but will transfer the title to the party using it. g. The party using the asset has all of the benefits and risks of the owner of the asset. h. The risks of owning an asset remain with the owner while another party uses the asset. i. The party using the asset can report the asset along with other owned assets on the balance sheet and can record depreciation expense. j. The party using the asset does not report the asset on the balance sheet and does not record depreciation. k. The payments for the asset include interest. 1. The payments for the asset do not include interest. m. The party using the asset reports a liability