2.75 pts Question 20 Long-term uses may requires to record fease ability on the balance sheet On June 30, 2020 entered into a years routing monthly payments of $500 at the end of every month. The presentium of the new $51.000 What is the impact on the company's 2020 balance sheet as a result of this lease? Decrease to forem abilities by 5500 Increase current liabilities by $3.000 Increase to current abilities by $31.000 Decrease to long-term liabilities by $3.000 Increase to current liabilities by $6,000 2.75 pts Question 21 On April 30, 2021, we entered into a noncancelable lease for a piece of equipment for 5 years. Lease payments are $7,000 and due April 30 every year starting April 30, 2021. The equipment has an estimated useful life of 8 years with a $1,500 residual value expected. The machine reverts back to our company at the end of the lease term. We depreciate assets using the straig line method of depreciation and have an incremental borrowing rate is 5%. The lessor's implicit rate in the lease is 10%, whi we know. MacBook Pro