6) Warren Co. recorded a right-of-use asset of $740,000 in a 10 -year finance lease. The interest rate charged by the lessor was 10%. The balance in the right-of-use asset after two years will be: 7) Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of the lease payments discounted at 10% was $67,600. Ten annual lease payments of $10,000 are due each year beginning July 1,2021 . Smith Co. had constructed the equipment recently for $61,000, and its retail fair value was $67,600. What amount of interest revenue from the lease should Smith Co. report in its December 31, 2021, income statement