202005081347398000972955 Pertemuan 4 Materi Tugas - Microsoft Word Product Activation Failed Layout References Mailings Review View 16 - AAA - 21 1 Aallback Aalbo . - he x, X A. .A- 1 No Spati... Heading 1 Heading 2 Title Subtitle Paragraph Problems Soal 1 Blue Moon Company manufactures a reservation system with an estimated economic life of 12 years and leases it to Starship Airlines for a period of 10 years. The normal selling price of the equipment is $278,072 and its unguaranteed residual value at the end of the lease term is estimated to be $20,000. Starship will pay annual payments of $40,000 at the beginning of each year and all maintenance, insurance, and taxes. Blue Moon incurred costs of $180,000 in manufacturing the equipment and $4,000 in negotiating and closing the lease. Blue Moon has determined that the implicit interest rate is 10% A Calculate the amount of each of the following items 1. Lease Receivable 1. Sales Price ili. Cost of Sales B. Prepare a 10-year lease amortization schedule (lessor book)