36. Consider the following for David Company, the Lessor. Type of Lease Operating lease for David and also an operating lease for the lessee. The present value of four annual payments of $100.000 each is $348,000 with first payment due at inception of the lease, and lease payments discounted at 10%. At Inception of the lease, David would record a lease receivable in the amount of: a. 5400.000 b. 5348,000 c. No lease receivable is recorded d. 5248.000 e none of the above