3. N Corp. entered into a nineyear finance lease on a warehouse on December 31, 2021. Lease payments of $32,000, which includes maintenance services of $1.500, are due annually beginning on December 31 2022, and every December 31 thereafter. N Corp. does not know the interest rate implicit in the lease: N's incremental borrowing rate is 14%. The rounded present value of an ordinary annuity for nine years at 14% is 4.9464. What amount should N report as recorded lease liability at December 31, 20217 Multiple Choice $158,285 $274,500 $150,865. $160.000 4 During the current year, Stem Company had pretax accounting income of $42 million. Stem's only temporary difference for the year was rent received for the following year in the amount of $16 million Stern's taxable income for the year would be. Multiple Choice $58 million $42 million $26 million $47 million A WC